The Impact of Credit-Based Insurance Scoring on the Availability and Affordability of Insurance - Part I
National News • September 24, 2008
Following is the testimony presented by Lawrence S. Powell, PhD before the United States House of Representatives Financial Services Committee Oversight & Investigations Subcommittee on May 21, ...
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Subject: RE: RE: RE: RE: RE: Re: The Impact of Credit-Based Insurance
Posted On: September 29, 2008, 12:14 pm CDT
Posted By: Darwin
Comment:
You really think that those managing the insurance industry today are smarter than 40+ years ago? The same arguments were used to defend the use of color coding city maps in this country, on where to write insurance and where to not. The same arguments were used to defend measuring skull sizes in the 1930's.
I've heard it before, and I'm hearing it again. If credit scoring is so accurate, then why hide the data? Why be so secretative? Let's see the actual data, not what someone's biased interpretation on what they were paid to say.
Subject: RE: RE: RE: RE: RE: Re: The Impact of Credit-Based Insurance
I've heard it before, and I'm hearing it again. If credit scoring is so accurate, then why hide the data? Why be so secretative? Let's see the actual data, not what someone's biased interpretation on what they were paid to say.