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Insurers' Use of Credit Scores Faces Renewed Scrutiny by Regulators
National News • March 17, 2009
The National Association of Insurance Commissioners (NAIC) has adopted a proposal to review the use of credit-based insurance scoring.
The NAIC said it will convene a public hearing to take ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: credit score | Mike F | Mar 23, 2009, 7:14 pm |
| No I think it's wtfchuck | Lawyer | Mar 23, 2009, 4:26 pm |
| Credit Scoring and Ratings | Realist | Mar 23, 2009, 4:17 pm |
| RE: RE: RE: Credit Scoring and Ratings | wudchuck | Mar 23, 2009, 4:04 pm |
| RE: RE: RE: RE: Credit Scoring and Ratings | AGENCY PRINCIPLE | Mar 23, 2009, 1:08 pm |
| RE: RE: RE: Credit Scoring and Ratings | adirondacker | Mar 23, 2009, 12:54 pm |
| RE: RE: Credit Scoring and Ratings | wudchuck | Mar 23, 2009, 11:52 am |
| RE: Credit Scoring and Ratings | Adirondacker | Mar 23, 2009, 11:21 am |
| Credit Scoring and Ratings | Roger | Mar 23, 2009, 9:51 am |
| RE: RE: ... but it's not my fault that I have 10 speeding ti | Stat Guy | Mar 20, 2009, 7:37 am |
| RE: ... but it's not my fault that I have 10 speeding ticket | NotSmartNuff | Mar 18, 2009, 2:05 pm |
| ... but it's not my fault that I have 10 speeding tickets... | Adirondacker | Mar 18, 2009, 12:28 pm |
| RE: RE: RE: future claims | Stat Guy | Mar 18, 2009, 11:32 am |
| RE: RE: future claims | wudchuck | Mar 18, 2009, 11:00 am |
| RE: CREDIT SCORING | zam boot | Mar 18, 2009, 10:24 am |
| JUST ANOTHER BAILOUT | Bill | Mar 18, 2009, 9:46 am |
| RE: future claims | Stat Guy | Mar 18, 2009, 7:45 am |
| RE: Credit Scoring and the Criminal | NotSmartNuff | Mar 17, 2009, 5:28 pm |
| use of credit scores and pricing | Fred Revello | Mar 17, 2009, 5:23 pm |
| Credit Scoring and the Criminal | Reverend-CPCU,CLU,FLMI | Mar 17, 2009, 4:29 pm |
| RE: Okay, they now want to bankrupt the insurance industry | Kool-Aid Vendor | Mar 17, 2009, 4:28 pm |
| statistics | wudchuck | Mar 17, 2009, 4:24 pm |
| RE: Cadoo - It's easy really...12:48 PM | Really Quite Simple | Mar 17, 2009, 4:24 pm |
| RE: Okay, they now want to bankrupt the insurance industry | Expert | Mar 17, 2009, 4:18 pm |
| Wudcheck- nothing's perfect | Realist | Mar 17, 2009, 2:29 pm |
| GEICO & PGR Direct & credit scoring | Rick | Mar 17, 2009, 2:24 pm |
| credit score | wudchuck | Mar 17, 2009, 2:21 pm |
| Okay, they now want to bankrupt the insurance industry | EGoyle | Mar 17, 2009, 1:48 pm |
| RE: It's easy really... | Bluemax | Mar 17, 2009, 1:48 pm |
| RE: Throw reality and common sense out of the window | nobody important | Mar 17, 2009, 1:46 pm |
| CREDIT SCORING | AGENCY PRINCIPLE | Mar 17, 2009, 1:44 pm |
| Throw reality and common sense out of the window | Realist | Mar 17, 2009, 1:40 pm |
| RE: RE: It's easy really... | Mandy | Mar 17, 2009, 1:39 pm |
| RE: RE: It's easy really... | bryan | Mar 17, 2009, 1:35 pm |
| RE: It's easy really... | Chris | Mar 17, 2009, 1:25 pm |
| RE: RE: It's easy really... | Dustin | Mar 17, 2009, 1:21 pm |
| RE: It's easy really... | wudchuck | Mar 17, 2009, 1:06 pm |
| It's easy really... | Cadoo | Mar 17, 2009, 12:48 pm |
| Future claims | anonymous | Mar 17, 2009, 12:48 pm |
| future claims | wudchuck | Mar 17, 2009, 12:36 pm |
| Citations??? | matt | Mar 17, 2009, 8:40 am |
| Back to article | ||
Subject: Credit Scoring and Ratings
Think about it as the old, tried and true, 80 - 20 rule. I can tell you that 20% of my clients have 80% of the losses. This is another tool to find those 20% and charge them accordingly.
This rule has been around for two hundred years I bet and can be applied to many situations, and is on par with: "A ounce of prevention is worth a pound of cure" "An acorn doesn't fall far from the tree" "A leapord can't change his spots" "You lie with dogs you're gonna get fleas" "the trouble with liberals are they run out of other peoples' money" "where there's smoke there's fire" on and on............
BTW, the glass is half full.