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: Re: The Impact of Credit-Based Insur
Posted On: September 29, 2008, 12:55 pm CDT
Posted By: nobody important
Comment:
See now who is the bully? We are guilty until proven innocent. All of these plans have been reviewed and approved by state insurance departments. All have statistical validity. Independent studies show that more claims are filed by insureds with lower insurance scores. All are correct, but we are wrong. Credit is not an indicator of race. You say it is, so we are wrong. This country is run by people who feel or think something is wrong, so it is wrong. Facts do not enter into the thinking on this subject or many others when "they" say something is wrong. "They" are the people who are more interested in feelings than facts.
Subject: RE: RE: RE: RE: RE: RE: Re: The Impact of Credit-Based Insur