Posted On: December 31, 2006, 12:34 pm CST

Posted By: Mjolnir

If 13 commissioners think it's bad, that means that 37 either think it's fine or are neutral. Are you arguing that the 13 are somehow smarter or better informed than the 37? Or since they agree with your omniscient opinion, they must be right and the others are, prima facie, wrong? ********. Just because 13 comissioners support a lawsuit does not mean it is draped in unsullied, shining cloth of gold. All 13 of those states could have corrupt or political reasons for demanding a change, so cease trumpeting that number as though it stops all discussion as to the legitimacy of credit scoring.

As far as your statement "...it does not mean that people with higher credit scores are all better drivers." No ****. What it means is there is a statistical correlation between credit scores and claims. Not accidents- claims. And not all credit scores are right? Good point... except where you forgot to realize that A) the majority are and 2) victims of credit fraud file claims for losses under homeowners. How about that- a bad credit score leading to losses. I'm sure your favorite carrier is just aching to have loss ratios over 1. Because we all know that the way to profitability and continued policy service is year after year of financial losses.

Here's a radical idea- companies want to take money in, and keep it. God Damn those heartless corporations- how dare they make a profit- it's downright un-Venezuelan. They don't want to take it in and give it back out. Loss is a function of insurance, but underwriters and actuaries are rewarded for identifying potential losses and guarding against them.

In all the rants against "excessive premiums" and "the tragedy of uninsured citizens" I have yet to hear one of you rant against the root causes of expensive insurance. How about a big cheer for tort reform, lower medical costs, and getting senile, immature, and drunk drivers off the road- permanently? If credit scoring is leading to higher premiums for a particular customer of yours, why don't you earn your fee by contacting the carrier and getting an adjustment? If all we do is submit apps and collect premium checks we might as well show all our customers how to use Geico or e-surance and go into a different line of work.

Do you really believe that the government should be in charge of nationalized insurance? After their stellar record on social security, veterans benefits, and military spending? Yeah- good plan genius. Let's turn auto insurance over to the hard working legislators responsible for the up-armored humvee program. Remember that debacle on the nightly news?

I'll meet you halfway- you prove that insurance companies are doing anything more than pursuing profit, and I'll agree they should be closed down. If they are discriminating on anything other than potential loss, they should be hammered into extinction. However, if all they're doing is attempting to identify (and charge for) potential losses, what's the problem?

Or are you just