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Insurer Group Urges Supreme Court to Overturn Ruling on Credit Scoring
National News • November 29, 2006
A national insurance trade group has filed an amicus brief urging the U.S. Supreme Court to overturn the cases of Safeco Insurance v. Burr and Geico General Insurance v. Edo, which said insurers ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Those who can least afford it have to pay more. | wudchuck | Dec 4, 2006, 4:58 pm |
| Those who can least afford it have to pay more. | Credit Scoring Victim | Dec 4, 2006, 4:41 pm |
| RE: the dave ramsey dilemma | Einstein | Nov 29, 2006, 3:50 pm |
| RE: RE: Credit | wudchuck | Nov 29, 2006, 3:29 pm |
| RE: RE: Credit | just wondering | Nov 29, 2006, 3:26 pm |
| RE: Credit | Joe Agent | Nov 29, 2006, 2:47 pm |
| Credit=morals | Southern Agent | Nov 29, 2006, 1:18 pm |
| RE: credit dilema | YA in NC | Nov 29, 2006, 1:00 pm |
| credit dilema | wudchuck | Nov 29, 2006, 12:33 pm |
| RE: the dave ramsey dilemma | Ratemaker | Nov 29, 2006, 12:00 pm |
| RE: RE: RE: Credit | Joe | Nov 29, 2006, 11:21 am |
| the dave ramsey dilemma | Jane Agent | Nov 29, 2006, 11:05 am |
| RE: RE: RE: Credit | Ratemaker | Nov 29, 2006, 9:40 am |
| RE: RE: RE: Credit | Mark | Nov 29, 2006, 9:25 am |
| RE: RE: Credit | wudchuck | Nov 29, 2006, 8:44 am |
| RE: Credit | Ratemaker | Nov 29, 2006, 8:23 am |
| Credit | wudchuck | Nov 29, 2006, 7:50 am |
| Back to article | ||
Subject: RE: Credit
There seems to be a general misconception that insurers are using credit information to rate policies and no longer using any of the traditional rating factors, such as driving history, rating territories, etc. This is not the case at all. If the credit information did not carry predictive power above all the traditional factors, it wouldn't be used in the first place. None of the traditional stuff has gone away.