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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: Credit v. Premium v. Losses correlation

Posted On: June 16, 2006, 10:39 pm CDT
Posted By: A Mann
Comment:
For a moment, forget about credit and its alleged correlation to losses. In all of these posts, no one has touched upon strictly credit versus premium. Take a look at why credit scoring really makes sense. Generally speaking, those individuals with poor credit scores have a more difficult time paying their bills (exceptions exist of course). Insurance companies, like every other industry, loses millions of dollars to bad debt every year. Insurers are not basing credit scores off of risk of loss, but risk of not receiving premium payment. There is not an industry in our country that is not looking for ways to minimize the leak known as bad debt.
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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