Credit Scoring News

Credit Reports, Privacy, Regulatory Modernization Top 2002 Legislative Agendas

Challenges to the use of credit scoring in underwriting and rating, and consumer privacy matters related to the Gramm/Leach/Bliley Act will top the insurance issues considered by state legislatures in 2002, according to a survey of National Association of Independent …

Welcome to the 3rd Annual “Top Ten Stories of the Year”

In what became one of the most significant, traumatic and challenging years in U.S. history, the insurance industry, along with the rest of the nation, has had to come to terms with the terrorist attacks perpetrated against our country on …

Top 10 Stories of 2001

Recollections and Renewal: Looking Back at 2001 with an Eye to the Future This is the year that was. It is one that many people will be glad to see come to an end because the new year always brings …

PIAA of Penn., Md., Del. Urges Rules on ‘Credit Scoring’

The members of a task force from the Professional Insurance Agents Association of Pennsylvania, Maryland and Delaware recently met with representatives from all three state insurance departments, and urged that rules be adopted to protect policyholders from the increasingly widespread …

What I’ve Learned

It’s hard to believe I’m wrapping up my last issue as Executive Editor of Insurance Journal. In the three years since I started here as a reporter, the industry has evolved so much (who says the insurance industry is stagnant?), …

NAII Defends Insurers’ Use of Credit-Based Insurance Scores

According to National Association of Independent Insurers (NAII) Northwest Regional Manager Michael Harrold, insurance companies’ use of credit information clearly benefits most consumers, in terms of both price and availability of insurance. Harrold stressed that point at a state House …

Washington State Commissioner Calls for Bold Measures in Credit Scoring

Washington State Insurance Commissioner Mike Kreidler has called for bold measures to limit the use of credit scoring by the insurance industry, saying the increasingly common practice is likely hurting consumers. According to a report in The Seattle Times, Kreidler …

Washington Democrats Face Challenge, According to NAII

Washington State Democrats apparently won two special House elections last week, breaking a three-year tie and giving them a 50-48 majority. Although absentee ballots will not be fully counted and certified until Nov. 21, incumbent Jean Berkey, D-Everett, is expected …

Independent Broker Network Joins the National Auto Agents Alliance

The National Auto Agents Alliance has accepted an application for affiliation from the Independent Broker Network (IBN). IBN is a 12-year old organization headquartered in San Jose, Calif. IBN founder Fred “Sonny” DiMeo stated, “Most other personal lines associations have …

NAII Counsel to Address Use of Quality, Competitive Crash Parts

Robert Hurns, counsel for the National Association of Independent Insurers (NAII), will explain the current legislative and judicial climate regarding the use of high-quality, lower-cost competitive crash parts at the Association of Insurance Compliance Professionals’ Annual Meeting next week. Specifically, …