Conducting a study of the disparate impact of insurer use of credit scoring would be expensive and generate no corresponding benefit to consumers, according to the Alliance of American Insurers (AAI). A disparate impact study is extremely complicated and would …
As promised, the 78th Texas Legislature is on a roll with insurance reform, with one bill having been signed into law and many more in committees or on their way to the House and Senate floors. Among the proposed legislation …
A study commissioned by the Alaska Insurance Division on the use of credit-based insurance scoring did not find a connection between insurance scores and income or ethnicity. Moreover, the report is riddled with shortcomings and inaccuracies, according to the National …
An Ohio Civil Rights Commission (OCRC) housing conference will host several panel discussions about the impact of insurance scoring on access to homeownership in the state. Three sessions dealing with different issues regarding housing and scoring will be held during …
The Oklahoma House recently approved a bill prohibiting insurers from using credit information as the sole basis for denial of homeowners or auto insurance coverage, according to the American Insurance Association (AIA). “While AIA believes the use of credit information …
The Senate Committee on Business and Commerce announced it heard invited testimony on Senate Bill (SB) 400 which would require insurance companies to roll rates back to the levels that were in effect on January 1, 2001, and regulate insurance …
Comparative raters for independent agents have been available since the early 80s with the introduction of personal computers. Just like today’s PC, they have made great strides since the days of the floppy drive only systems, 9-inch monochrome monitors and …
A new bulletin requires Michigan insurers to begin providing more information to consumers about the use of credit to calculate rates by July 1. Bulletin 2003-01-INS, issued by Michigan Financial and Insurance Services Commissioner Frank M. Fitzgerald, requires insurers to …
Better education for legislators, insurance agents and policyholders regarding the benefits of the use of insurance credit scoring in underwriting and rating for personal lines is a critical goal for the insurance industry, according to the National Association of Independent …
The Texas Senate passed legislation that requires all insurers writing residential property insurance to make a one-time data report to the insurance commissioner for use in a report to the legislature on underwriting. Insurers must include in the report information …
