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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: RE: predators at the gate

Posted On: June 23, 2004, 1:14 pm CDT
Posted By: Joan
Comment:
LG - As a retired Personal Lines Underwriter for 23 years, I couldn't agree with you more!!!! Unfortunately, the true art of "underwriting" is no longer being used by the majority of Insurance Companies. In order to save them expenses, they have replaced the Underwriters who used intelligence, judgment, and their knowledge, with computer programs that "screen" all risks based upon numbers - including credit scoring!!!!! Even as an Underwriter, I was totally against Credit scoring as there are too many circumstances BEYOND THE CONTROL OF THE INSURED that can affect a "bad" credit score. The insurance companies are going to pull out all the stops and use millions of dollars to prevent the elimination of credit scoring and we all know in politics - money talks!!!
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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