Posted On: January 4, 2007, 6:34 pm CST

Posted By: richard dasilva

Ok, for the Do your homework and what's the point team here goes: Now I understand that I do not understand what it is that is involved despite reading several newsletters like this one and getting info from Best and other journals but I have read the arguements pro and con in some detail. Some anologies provided by you folks don't stand up I think ...not sure how you got to why keep the poor, poor, but a quick, realistic answer to this rhetorical question would be money: i WAS TAUGHT that if an applicant did not qualify for the Premium Account then by golly they were judged 'non'standard' and guess what they were sur charged for that HONOR. The point I guess is that we pay more for living in the wrong part of the country or world, for our occupations, for our age, for our driving experience, for our frequency for driving, for living on the coasts -East, West and of course, now the Gulf Coast; more if we dare to file a claim, more if we have a claims history; more if we are in the wrong age group-subject to the kind of insurance required and now MORE if our Credit Score is not right or to low. Just a tool you say and is not that what insurance companies are to do, lump us together for stat purposes?
Yea, but you know some of the most expensive claims that I ever handled involved folks with GREAT Credit Histories. Credit scoring is by itself, per se, discriminaatory. It really must be for what it is and it has been greatly recognized as such. Just like the cost of fuel for a car impacts the poor more than those who are not poor so does credit scoring. What ever happened to Experience rating as a tool, or wisdom? imho ths device is nothing more than the application of a 'tool' to increase premiums for those who can least afford that increase and if you believe that stats are not manipulated for the purpose required then this bridge I have been trying to offload is waiting for you in the desert and I would like to hear from those interested, but only THOSE using there real names. If ins. premiums are not rising and have risen to historic levels please explain all those gloatings I read about on tremendous profits and gains across the board -all lines in this regard. I feel confident , I guess, that the new democratically controlled congress may take issue with credit scoring along with other major insurance issues. This device is not really needed; a pretext is still a pretext I believe. Well, my time has run out so thanks for reading.