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Depending on Viewpoint, Reaction to TDI Credit Scoring Study Results Varies

Texas / South Central News • January 3, 2005
The Texas Department of Insurance has released its Report to the 79th Legislature on the use of credit scoring by the insurance industry. In announcing the report TDI said preliminary findings ...

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Subject: Look at the numbers

Posted On: January 7, 2005, 1:00 pm CST
Posted By: dlr
Comment:
The company that I work for does not use credit scoring, you might think that our results would be terrible because of the adverse selection. Our rates are very competitive and we continue to grow yearly with a three yr HO loss ratio in the 40s. It is a cheap way to underwrite anyone can decline or rate up for a low c/s number, as a begining underwriter I was taught to look for the profitable risk. A credit score does not cost the company anything it is the claims that raise the loss ratio.
I hope the other cos. are allowed to contine to use c/s as their claim free rejects have made us profitable.
Subject Posted By Posted On
RE: RE: Fingering the fingers Sickntired
Feb 17, 2006, 3:57 pm
RE: RE: RE: Fingering the fingers lisa
Feb 14, 2005, 8:51 pm
Look at the numbers dlr
Jan 7, 2005, 1:00 pm
RE: RE: RE: Fingering the fingers Truth
Jan 5, 2005, 9:27 am
RE: RE: Fingering the fingers Steve
Jan 4, 2005, 7:06 pm
RE: Fingering the fingers Willy
Jan 4, 2005, 5:41 pm
Fingering the fingers Whimpstomper
Jan 4, 2005, 4:12 pm
RE: Methodology Charlie ChikenFinger
Jan 4, 2005, 2:44 pm
Methodology charlene flickinger
Jan 4, 2005, 12:41 pm
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