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Hartford to Issue Refunds in Delaware Over Error in Credit Scoring

East News • October 24, 2005
In July, James Fry of Dagsboro, e-mailed Delaware Insurance Commissioner Matt Denn about an increase in his homeowner insurance premium that he knew couldn't be right. Fry asked for an explanation ...

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Subject: RE: The use of Credit Scoring

Posted On: October 26, 2005, 7:51 am CDT
Posted By: An Active Underwriter
Comment:
I can't comment on The Hartford's business practices. It has been demonstrated time and again in personal lines insurance that there is a correlation between groups of insureds with bad credit and higher than average loss experience. Since most insured's are loss free and have good credit - it makes sense to me to have those developing the more frequent or higher losses, pay more. Why would a retired underwriter propose anything different?
Subject Posted By Posted On
RE: The use of Credit Scoring An Active Underwriter
Oct 26, 2005, 7:51 am
The use of Credit Scoring A retired Underwriter
Oct 25, 2005, 2:23 pm
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