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Insurers Mount Legal Challenge to Multi-state Credit Scoring Study; Ask States to Withdraw Data Call

National News • June 23, 2004
Two national insurance company trade organizations have expressed legal concerns about the recently initiated multi-state study on credit-based insurance scores and have asked regulators in eight ...

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Subject: Credit Scoring is Discrimination

Posted On: June 23, 2004, 12:26 pm CDT
Posted By: LG
Comment:
There is no earthly reason for Insurers to use credit scoring for Underwriting purposes. Risk is not just a paper process, its visual. Go see the risks, assess and analyize each one, makes more professional sense then looking at a non-standard credit score. Does it really tell the Underwriter this is a poor, fair, good or excellent Insurance Risk? NO!

We have to many BEAN COUNTERS in the Insurance Business and No True Risk Underwriters. Get back to Underwriting Risks and we will see a reduction in costs from basic premiums to reinsurance.
Subject Posted By Posted On
RE: credit scoring Kemble
Jul 20, 2005, 12:25 pm
RE: RE: predators at the gate Robert
Jun 29, 2004, 6:53 am
Credit Scorning Rolf Neuschaefer
Jun 24, 2004, 11:42 am
credit scoring steve
Jun 23, 2004, 6:07 pm
RE: predators at the gate: Joan John
Jun 23, 2004, 1:20 pm
RE: RE: predators at the gate John
Jun 23, 2004, 1:19 pm
RE: predators at the gate Joan
Jun 23, 2004, 1:14 pm
credit scoring elane
Jun 23, 2004, 12:30 pm
Credit Scoring is Discrimination LG
Jun 23, 2004, 12:26 pm
predators at the gate John
Jun 23, 2004, 12:19 pm
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