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Okla. Court OKs Class Action Status in Suit Against Farmers Group Companies

Texas / South Central News • April 18, 2006
A judge in the U.S. District Court for the Western District of Oklahoma has granted class action status to a lawsuit concerning the use of credit information in insurance rating against Farmers ...

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Subject: It is hard to understand

Posted On: April 19, 2006, 8:53 am CDT
Posted By: Scoobys
Comment:
The whole problem with using credit history is related to the average consumer's ability to understand how credit impacts potential claims. Data supports the correlation but the average consumer asks what an ability to pay bills has to do with an ability to drive responsibly. Without the logical correlation between the credit score and how it directly relates to claims, consumers are not going to find the practice socially acceptable.

Data also supports that individuals in certain occupations tend to have more accidents. Why aren't lawyers (in the top ten) charged higher rates? Why aren't teachers (in the lower rankings) charged less? I suspect the answer is political...
Subject Posted By Posted On
RE: RE: RE: Credit v. Premium v. Losses correlation Jack Hannigan
Jan 22, 2008, 6:48 pm
RE: Credit reporting Nyle Cearlock
Jul 27, 2007, 6:18 pm
RE: RE: More bad news for floundering Farmers Insurance G Bruce
Mar 22, 2007, 8:14 pm
RE: LIFE INSURANCE Kevin
Sep 20, 2006, 10:05 am
Newer FIG agents............... Sal Monella CLU
Sep 18, 2006, 6:03 pm
LIFE INSURANCE RAY
Sep 18, 2006, 4:36 pm
RE: RE: Credit v. Premium v. Losses correlation Ray
Jul 1, 2006, 9:09 pm
RE: Credit v. Premium v. Losses correlation eintein
Jul 1, 2006, 7:26 pm
RE: Credit v. Premium v. Losses correlation Kevin
Jun 19, 2006, 2:02 pm
Credit v. Premium v. Losses correlation A Mann
Jun 16, 2006, 10:39 pm
classaction gary
Jun 1, 2006, 11:39 am
Farrmers in Big Campaign to Rid Itself of Old Agents Drunk Russian DM from CA
May 20, 2006, 3:24 pm
RE: RE: More bad news for floundering Farmers Insurance Doug Barry
May 19, 2006, 10:01 pm
RE: More bad news for floundering Farmers Insurance Texas Agent
May 19, 2006, 7:24 pm
RE: Farmers Ins removed Cat Designation to punish me RE:reply to CAT Claim info
May 3, 2006, 12:01 pm
Farmers Ins removed Cat Designation to punish me Bina
May 3, 2006, 11:49 am
RE: answer this question Ray
Apr 28, 2006, 11:18 am
answer this question lee
Apr 28, 2006, 10:55 am
RE: Here's the problem Kevin
Apr 27, 2006, 9:46 am
RE: RE: RE: RE: Credit Scoring Mark
Apr 25, 2006, 5:30 pm
RE: RE: Farmers is getting ready to bite the big one.... Doug B.
Apr 25, 2006, 12:06 pm
RE: Farmers is getting ready to bite the big one.... jackson
Apr 25, 2006, 9:39 am
RE: Credit Scoring Joanne
Apr 24, 2006, 11:23 pm
Farmers is getting ready to bite the big one.... Doug B.
Apr 24, 2006, 8:27 pm
RE: RE: RE: RE: Not Fair? Underwriting Manager
Apr 24, 2006, 4:09 pm
RE: RE: RE: Not Fair? Rick
Apr 21, 2006, 9:09 am
RE: RE: Not Fair? TXGuru
Apr 20, 2006, 3:51 pm
RE: RE: Not Fair? An Agent
Apr 20, 2006, 9:46 am
RE: Not Fair? Rick
Apr 20, 2006, 8:55 am
Not Fair? Agent
Apr 20, 2006, 5:42 am
RE: Here's the problem retired agent
Apr 20, 2006, 5:02 am
RE: RE: RE: Credit Scoring Scoobys
Apr 19, 2006, 11:53 am
RE: RE: Credit Scoring Agent
Apr 19, 2006, 11:09 am
RE: Credit Scoring Mark
Apr 19, 2006, 10:32 am
Credit Scoring Hans Bertschi
Apr 19, 2006, 9:46 am
RE: It is hard to understand ray
Apr 19, 2006, 9:16 am
It is hard to understand Scoobys
Apr 19, 2006, 8:53 am
Credit reporting Ray
Apr 19, 2006, 7:32 am
RE: Here's the problem C. Tilson
Apr 18, 2006, 6:31 pm
RE: Credit scoring Southern Agenct
Apr 18, 2006, 2:47 pm
More bad news for floundering Farmers Insurance C Bennett
Apr 18, 2006, 12:57 pm
Here's the problem Mark
Apr 18, 2006, 12:20 pm
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