Two very different bills restricting insurers’ use of credit-based insurance scores are pending in Alaska House and Senate committees with no clear indication as to which is more likely to move. National Association of Independent Insurers (NAII) Northwest Regional Manager …
The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay more, …
The insurance industry would like the public to believe they have found the holy grail of underwriting: credit scores. Since they now have this vehicle to make sure that only good drivers get good rates and bad ones pay more, …
The Independent Insurance Agents of America (IIAA) is telling state legislators that persuading insurers to modify their business practices offers a more effective solution than regulation in the debate over the use of credit scoring as an underwriting tool. IIAA …
The American Insurance Association (AIA) says a measure to restrict insurers’ use of credit scores will raise rates for two-thirds of policyholders and will significantly harm Idaho’s insurance market. “This bill creates an unworkable law that will isolate and disrupt …
In preparation for the 2003 legislative session, North Dakota Insurance Commissioner Jim Poolman announced he will hold a public hearing to solicit opinions on the use of credit scoring in pricing and underwriting of insurance. The hearing is scheduled for …
Regulatory modernization, market conduct and examinations, and credit scoring will be the top issues at the National Association of Insurance Commissioners (NAIC) Spring Meeting (March 16 -19) in Reno, according to insurers. “Regulatory modernization of rates and forms remains our …
The Independent Insurance Agents of America (IIAA) is telling state legislators that persuading insurers to modify their business practices offers a more effective solution than regulation in the debate over the use of credit scoring as an underwriting tool. IIAA …
An Idaho State Senate committee recently approved a bill prohibiting insurers from charging a higher premium or deciding not to insure a person based primarily on his or her credit rating or history. In opposing SB 1408, National Association of …
A bill that would virtually prohibit insurers from using credit scoring in underwriting auto and homeowners coverage in Connecticut is unnecessary in light of federal law and insurance department regulations, according to the National Association of Independent Insurers (NAII). In …
