The controversy swirling around the use of credit-based insurance scores in underwriting auto and homeowners policies is one that Insurance Journal has touched upon with increasing frequency during the past few months. But going into 2002, what has happened most …
After meeting with representatives of the Independent Insurance Agents of America (IIAA), Alpharetta, Ga.-based ChoicePoint Inc., a credit scoring and consumer-lead generation service provider, agreed to stop selling data related to certain independent agency and broker insurance transactions. Debra Perkins, …
After meeting with representatives of the Independent Insurance Agents of America (IIAA), Alpharetta, Ga.-based ChoicePoint Inc., a credit scoring and consumer-lead generation service provider, agreed to stop selling data related to certain independent agency and broker insurance transactions. Debra Perkins, …
Credit scoring saves money for a majority of Minnesotans and is fair, Bob Johnson, executive vice president, of the Insurance Federation of Minnesota (IFM) testified Feb. 5 to a legislative panel considering a ban on insurers use of credit scoring. …
The Missouri Department of Insurance (MDI) announced that Gov. Bob Holden is calling for greater consumer protection against using credit histories to deny insurance coverage or raise rates. In a package delivered to the state General Assembly, Holden called the …
The Texas Department of Insurance recently opened two fronts in the battle to shore up the weary homeowners market in the state. Responding to consumer complaints about excessive rate increases—exceeding 100 percent in some cases—Commissioner Jose Montemayor ordered an inquiry …
Challenges to the use of credit scoring in underwriting and rating, and consumer privacy matters related to the Gramm/Leach/Bliley Act (GLB) will top the insurance issues considered by state legislatures in 2002, according to a survey of National Association of …
Proposed laws that severely limit or ban the use of credit-based insurance scoring-which could result in higher rates for most consumers — are gaining momentum in the Indiana Legislature. Senate Bill 409, which would severely limit insurance companies’ use of …
According to the National Association of Independent Insurers (NAII), although the credit-scoring issue is lurking in the background, few bills of major insurer interest are definitely set yet for the Utah legislative session that will have a mid-term break due …
State legislators are expected to be asked to remedy an Alaska Supreme Court ruling that held personal umbrella policies are auto liability policies and therefore must offer uninsured/underinsured motorist coverage. The ruling in Holderness v. State Farm also held that …
