A California Senate bill amended recently would prohibit insurance companies’ use of credit-based insurance scores, which would force the vast majority of consumers to pay higher premiums, according to the National Association of Independent Insurers (NAII). Assembly Bill 5, which …
According to the National Association of Independent Insurers (NAII), the Minnesota Department of Commerce is using the consumer education section of its Web site to spread disinformation regarding insurers’ use of credit-based insurance scores and to push its own legislative …
The Personal Insurance Federation of California (PIFC) chided Assemblyman Tom Calderon for amending AB 5, which would eliminate the use of financial stability information-or credit scoring- used by insurers as a tool in underwriting insurance policies in the state. Diane …
Gerald L. Zimmerman, senior counsel for the National Association of Independent Insurers, said that several insurance-related bills scheduled to be considered by the Rhode Island Senate Corporations Committee would stifle competition in the insurance marketplace and ultimately do Rhode Island …
Washington-based Mutual of Enumclaw announced that all personal lines products have migrated onto an Internet-based sales platform from IBQ Systems. Mutual of Enumclaw agents can now quote, rate, complete an application and upload through a single interface using any Internet …
As of Feb. 12, a total of 21 states had introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. State legislatures considering various types of bills related to …
The National Association of Independent Insurers has issued a bulletin which lists the status of legislation in various states concerning the use of “credit scoring” by insurers. A rundown of the Eastern region includes the following: Maryland – A bill …
The New Hampshire Insurance Department has validated the opposition of the American Insurance Association to a proposal to require prior written approval from consumers before insurers can use credit scoring by withdrawing and rewriting the regulation. The first draft of …
As of Feb. 12, 2002, 21 states have introduced bills that would ban or restrict the use of credit-based insurance scoring according to the National Association of Independent Insurers. On Feb. 13, the Minnesota House Insurance Committee held a hearing …
Alaska has joined the growing number of states considering legislation to prohibit insurers from using credit-based insurance scores. “This legislation would result in higher insurance premiums for most consumers in Alaska,” asserted Michael Harrold, National Association of Independent Insurers (NAII) …
