The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest as to endanger the insurance industry to the wrath of the public.” NAAA President James W. Holthaus commended Georgia Commissioner …
The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest as to endanger the insurance industry to the wrath of the public.” In a letter to Georgia Commissioner of Insurance …
Positive aspects of how the use of credit scores in insurance underwriting benefits consumers were recently demonstrated to Colorado state legislators by the National Association of Independent Insurers (NAII). NAII Northwest Regional Manager Michael Harrold said NAII and its member …
The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest as to endanger the insurance industry to the wrath of the public.” In a letter to Georgia Commissioner of Insurance …
At its Board meeting in Atlanta, Ga., the National Auto Agents Alliance (NAAA) accepted an application for affiliation from the Latin American Agents Association (LAAA). The LAAA is a three-year-old organization headquartered in Los Angeles, Calif. LAAA President Andre Urena …
The public doesn’t like surprises—especially when those secrets involve the use of personal financial info. Credit scoring has been around for years, but like the use of non-OEM parts, it’s safe to say that the public is not overly aware …
One burdensome fact of professional life for agents is that the industry may be the unrivaled champion when it comes to accessing and maintaining consumer information. This information can come from a variety of sources ranging from the ISO “All …
Auto insurers believe that including credit scores as part of a driver’s overall risk profile allows them to underwrite and price policies more efficiently, accurately and consistently, according to a recent Conning & Company study. Insurers also believe that, in …
Auto insurers are looking at more than a consumer’s driving record when determining rates; they are also examining how drivers manage their finances, according to a recent Conning & Company study. Auto insurers are using credit data, a proxy for …
A bill that clarifies insurers’ use of consumer credit reports in underwriting has passed the Illinois General Assembly and is expected to be signed by the Governor. The American Insurance Association (AIA) worked closely with the industry to educate members …
