The insurance industry took a few hits at a recent Senate committee hearing on the use of consumer credit histories in rating and underwriting insurance policies. In addition to criticisms from consumer groups, the industry faced a number of hard …
The National Association of Independent Insurers (NAII) questioned the approach regulators are taking in formulating direction for the states on the use of insurance credit scoring. The Credit Scoring Working Group met Sept. 11 during the National Association of Insurance …
The National Association of Independent Insurers (NAII) was among those who testified at a recent hearing held by the Texas House Insurance Committee on the use of credit histories in rating insurance. Other insurer groups testifying before the committee included …
Maryland Insurance Commissioner Steven Larsen announced the issuance of a bulletin affecting the implementation of a new state law, HB 521, that bans insurers from using credit scoring to rate and underwrite homeowners and auto policies. According to the American …
Water intrusion/mold prevention and credit scoring are two of the topics to be examined at the 2002 Annual Insurance Symposium, sponsored by the NeighborWorks® National Insurance Task Force (NITF). The symposium will take place Aug. 7 at 9 a.m. at …
Today’s auto insurance oversight system suffers from a lack of efficiency, cost effectiveness, and timely decision-making, but greater regulatory reliance on market competition would help streamline and depoliticize the process, the Independent Insurance Agents & Brokers of America (IIABA) testified …
The Michigan Office of Financial and Insurance Services (OFIS) released the dates of upcoming hearings on the use of credit scoring by insurers. In May, Commissioner Frank M. Fitzgerald announced public hearings to gather information on the use of consumer …
Considering Texas has one of the most difficult insurance markets in the country right now, Insurance Commissioner Jose Montemayor comes across not at all as one might expect—an embattled public official scrambling to shore up an unprecedented homeowners crisis as …
The head insurance regulators of three key states have accepted invitations to speak at the Alliance/AAIS Joint Underwriting Conference, to be held in Chicago. Sharing their perspectives on the insurance industry at the Sept. 29-Oct. 1 event will be Illinois …
Texas attorney general candidates Kirk Watson, Democrat, and Greg Abbott, Republican, have each unveiled plans to address the state’s homeowners insurance market crisis. The Austin American Statesman reports that Abbott, a former Texas Supreme Court justice who now consults for …
