Insurers Overturn Fla. Restriction on Use of Credit Scoring
Southeast News • January 4, 2007
A Florida Administrative Law Judge has declared that the Florida Office of Insurance Regulation's rule restricting the use of credit information by insurers is invalid.
In a Dec. 29 ruling, Judge ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: Do your homework
Posted On: January 5, 2007, 5:41 pm CST
Posted By: RD
Comment:
Yea and by your reasoning if those same wealthy people with high priced homes in a potential dangerous environment; but not necessarily so, pay that premium then IF THEY SCORE LOW on the CREDIT APPLICATION- a tool used for underwriting purposes...supposedly, then, they would pay more for that premium. Get that buck factor up there is the job. Advocating low credit scores to claims is vodoo economics at best. And yea, I have done my homework and even better have worked these scenarious in real life for multiple P&c COMPANIES. Actually, homework has nothing to do with this quandry; just money and definitiely not equity. IMHO.
Subject: RE: RE: Do your homework