Credit Scoring News

IIAT’s 104th Annual Convention Set for June 14-15 in San Antonio

The Independent Insurance Agents of Texas’ annual convention set for June 14 and 15 has a new look this year. This year’s event, at the Marriott Rivercenter in San Antonio, will be a jam-packed two days of continuing education workshops, …

UTAH CREDIT SCORING LAW TAKES EFFECT

Utah’s new law restricting insurers’ use of credit-based insurance scores to “initial underwriting” and discounts took effect May 6. The state Insurance Department had asked insurers to comment on key provisions to be included in a regulation being drafted to …

AIA Seeking Change in Credit Scoring in N.H.

The American Insurance Association (AIA) is seeking major changes in regards to the New Hampshire Insurance Department’s (NHID) proposed regulation for the use of credit scoring by insurers. During a meeting of the Joint Legislative Committee on Administrative Rules, AIA …

Sheffey Encourages Insurance Regulators to

Steve Sheffey, counsel for Allstate Insurance Company, informed insurance regulators at an April 24 speech in Scottsdale, Ariz., that they need to keep pace with gains in the technology field by forming regulation that reflects consumers’ ability to make the …

Insurance Committee Tackles Tough Issues at Initial Hearing

The Texas House of Represen-tatives’ Committee on Insurance kicked off its first meeting of the 77th Legislative Session Feb. 12 by reviewing 10 of 12 bills brought before it. An underlying theme of discrimination permeated the committee’s discussions. The first …

Commercial Auto-The LONG Road Back to Profitability

The signs were there in 2000โ€”and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to pinpoint. …

Commercial Auto: The Long Road Back to Profitability

The signs were there in 2000โ€”and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to pinpoint. …

Colorado House Committee Kills Credit Bill

A Colorado bill that would have prohibited insurers from using credit reports and credit scoring in personal lines underwriting and rating was killed by the House Information and Technology Committee by a 6 to 4 vote. HB 1126 was “a …

Minnesota Agents Voice Concern Over Credit Ratings

A growing number of insurance companies operating in Minnesota are using credit-rating scores to establish premiums for car drivers and homeowners. This means that in certain situations people with poor credit histories are being charged more for insurance policies than …

NITF Hosts Annual Symposium in Tampa, Fla.

The NeighborWorks National Insurance Task Force (NIFT) has a full schedule planned for its annual symposium on Oct. 18 at the Tampa Marriott Waterside in Tampa, Fla. The symposium will address innovative methods for the insurance industry and community organizations …