Credit Scoring News

NAII Pleased with Connecticut Legislative Session

Gerald Zimmerman, senior counsel for the National Association of Independent Insurers (NAII), viewed the 2002 Connecticut legislative session, which ended this week, as a “very successful year,” marked by some major victories for the insurance industry. “This year was very …

UTAH CREDIT SCORING LAW TAKES EFFECT

Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on key provisions to be included in a regulation being drafted to …

Mo. Senate Committee Approves House Bill On Credit Scoring

The state Senate Committee on Insurance and Housing has approved a House bill regulating insurers’ use of credit-based insurance scores. The committee made only minor, technical changes in the bill. National Association of Independent Insurers Counsel Ann Weber said House …

Utah Credit Scoring Law Takes Effect May 6; Dept. Working on Regulation

Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts will take effect May 6. The state Insurance Department has asked insurers to comment on key provisions to be included in a regulation being drafted …

Giving Credit Where Credit is Due

To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …

Why Credit-Based Insurance Scoring is Good for Consumers

Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is nonprejudicial and completely objective in its application. …

Giving Credit Where Credit is Due

To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has every heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …

Why Credit-Based Insurance Scoring is Good for Consumers

Credit-based insurance scoring is a reliable, though often misunderstood underwriting tool that helps insurers accurately match the price of their products to the level of risk posed by any given customer. It is nonprejudicial and completely objective in its application. …

Giving Credit Where Credit Is Due

To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …

Ks. Commissioner Urges Credit Scoring Study

Concerned about the use to credit scoring in setting insurance rates, Kansas Insurance Commissioner Kathleen Sebelius urged the state legislature to pass a resolution (1623) requiring the Kansas Insurance Department to study the issue. According to the department, Sebelius took …