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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: RE: Credit

Posted On: November 29, 2006, 2:47 pm CST
Posted By: Joe Agent
Comment:
The long and short of it is simply that there is a strong correlation between credit score and loss ratio. It's been documented numerous times by numerous groups. Heck- even the NAIC even stated that their findings support the use of credit.

We always hear about this one person who has horrible credit blah blah blah.. Which is no different with any other characteristic. The law of large numbers apply.

Closing your eyes to that fact will eventually put your company at a disadvantage to those companies who utilized the more sophisticated rating models.
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
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