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Michigan Court Upholds Ban on Credit Scoring in Insurance

Midwest News • August 25, 2008
Insurance companies in Michigan no longer will be able to use customers' credit scores to set home and auto insurance premiums if a state Court of Appeals ruling stands. The 2-1 decision released ...

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Subject: RE: RE: RE: Lower rates for some?

Posted On: August 25, 2008, 1:59 pm CDT
Posted By: Analyst
Comment:
On the contrary Mr. Solvent, given the softening of the insurance market over the last 3-4 years, many, if not the majority of Michigan companies have been taking base rate decreases. Even for those companies that have increased the base rate, these rates still have to be filed with the Office of Insurance Regulation and approved to be justifiable and actuarily sound. If they there were no experience to justify the rates, the state would not approve the filing. So, while yes it is possible that companies did increase the base to offset the new discount, the increase was far from arbitrary.
Subject Posted By Posted On
RE: RE: RE: RE: RE: The problem with credit scoring.... caveat emptor
Aug 28, 2008, 9:28 am
this sentence is the problem caveat emptor
Aug 28, 2008, 9:19 am
rates Einstein
Aug 27, 2008, 3:39 pm
Credit Scoring Garry Lloyd
Aug 27, 2008, 3:19 pm
RE: RE: Reality? Challenged Creditee
Aug 27, 2008, 1:48 pm
RE: RE: Reality? Einstein
Aug 26, 2008, 11:37 am
RE: Reality? Ratemaker
Aug 26, 2008, 11:31 am
RE: RE: RE: RE: RE: RE: RE: RE: Lower rates for some? - B Ratemaker
Aug 26, 2008, 11:29 am
RE: Reality? nobody important
Aug 26, 2008, 11:09 am
Reality? Einstein
Aug 26, 2008, 10:57 am
RE: RE: RE: RE: RE: RE: RE: RE: Lower rates for some? nobody important
Aug 26, 2008, 10:23 am
RE: RE: RE: RE: RE: RE: RE: Lower rates for some? B
Aug 26, 2008, 10:01 am
RE: RE: RE: RE: RE: RE: RE: Lower rates for some? nobody important
Aug 26, 2008, 9:58 am
RE: RE: RE: RE: RE: RE: Lower rates for some? Dawn
Aug 26, 2008, 9:20 am
RE: RE: RE: RE: RE: Lower rates for some? nobody important
Aug 26, 2008, 8:53 am
RE: RE: RE: RE: Lower rates for some? Dawn
Aug 26, 2008, 8:41 am
Dear underwriter Einstein
Aug 25, 2008, 8:05 pm
RE: RE: Firm Numbers Underwriter
Aug 25, 2008, 5:09 pm
RE: RE: RE: Lower rates for some? Reality
Aug 25, 2008, 3:40 pm
RE: RE: Lower rates for some? Dawn
Aug 25, 2008, 3:36 pm
RE: RE: RE: RE: Lower rates for some? Nobody Important
Aug 25, 2008, 2:31 pm
Analyst Mr. Solvent
Aug 25, 2008, 2:03 pm
RE: RE: RE: Lower rates for some? Analyst
Aug 25, 2008, 1:59 pm
RE: RE: RE: RE: The problem with credit scoring.... No Bias Here
Aug 25, 2008, 1:51 pm
RE: RE: RE: RE: RE: RE: The problem with credit scoring.... John Scrader
Aug 25, 2008, 1:36 pm
RE: RE: Lower rates for some? Einstein
Aug 25, 2008, 1:35 pm
RE: RE: Try Another Approach Esad
Aug 25, 2008, 1:31 pm
RE: RE: Lower rates for some? Mr. Solvent
Aug 25, 2008, 1:29 pm
RE: Lower rates for some? Analyst
Aug 25, 2008, 1:17 pm
RE: Try Another Approach Mr. Solvent
Aug 25, 2008, 1:11 pm
RE: RAD Esad
Aug 25, 2008, 1:01 pm
Try Another Approach Think Differently
Aug 25, 2008, 1:00 pm
RE: RAD Reality
Aug 25, 2008, 12:59 pm
RAD Mr. Solvent
Aug 25, 2008, 12:50 pm
RE: RE: Firm Numbers Mr. Solvent
Aug 25, 2008, 12:48 pm
RE: Firm Numbers RAD
Aug 25, 2008, 12:47 pm
RE: RE: Firm Numbers Logical
Aug 25, 2008, 12:45 pm
RE: Firm Numbers Agree
Aug 25, 2008, 12:33 pm
RE: Firm Numbers Larry Erickson
Aug 25, 2008, 12:26 pm
RE: RE: RE: RE: RE: The problem with credit scoring.... Larry Erickson
Aug 25, 2008, 12:20 pm
RE: RE: RE: RE: Lower rates for some? SWFL Mark
Aug 25, 2008, 12:05 pm
RE: RE: RE: Lower rates for some? Mr. Solvent
Aug 25, 2008, 11:28 am
RE: RE: Lower rates for some? nobody important
Aug 25, 2008, 11:25 am
RE: Lower rates for some? Mr. Solvent
Aug 25, 2008, 11:20 am
Firm Numbers Mr. Solvent
Aug 25, 2008, 11:16 am
RE: RE: RE: RE: The problem with credit scoring.... John Scrader
Aug 25, 2008, 11:10 am
Lower rates for some? low rate payer
Aug 25, 2008, 11:05 am
RE: RE: RE: The problem with credit scoring.... nobody important
Aug 25, 2008, 10:09 am
RE: RE: RE: The problem with credit scoring.... Ratemaker
Aug 25, 2008, 10:01 am
RE: RE: The problem with credit scoring.... Mr. Solvent
Aug 25, 2008, 9:35 am
RE: The problem with credit scoring.... nobody important
Aug 25, 2008, 9:15 am
GEICO & PGR Direct Rick
Aug 25, 2008, 9:00 am
The problem with credit scoring.... John Scrader
Aug 25, 2008, 8:34 am
Great State nobody important
Aug 25, 2008, 7:23 am
not "reasonably expected?!?!?!" Ratemaker
Aug 25, 2008, 7:06 am
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