Posted On: March 23, 2009, 7:14 pm CDT

Posted By: Mike F

Why not go back to the old days for underwriting. At least in the states i work in, if an individual gets stopped for speeding, or an accident, the driver gets surcharged and pays a higher insurance premium. Is this not enough for P&C Underwriters to use towards rating a policy, using actual numbers of driving experience. Credit Scores will only tell the use of credit only, as in payments of bills, etc. It does not say that just because I work with a tight budget and trying to juggle what is paid out every month. Some people who make High Incomes take just as much risk, but through high wages it is not difficult for them to pay bills and thus getting a higher score.
I have worked with many companies, and they always tell the producers their propoganda just to get us to produce for them. This is why I work as a Broker today, because it is my job to represent my clients.