Bill to Prohibit Insurer Use of Credit-Based Scores Defeated in Colorado
West News • January 26, 2005
On Tuesday, Colorado legislators "wisely" defeated a proposal to ban the use of credit-based insurance scores (SB 5), according to the American Insurance Association (AIA).
"The Senate Business ...
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Subject: RE: Jimmy, give me a break
Posted On: January 27, 2005, 1:49 pm CST
Posted By: Joe
Comment:
Jim,
Hope you are not an insurance agent, for your clients sake. This is some bean counters cheap way to underwrite. Once this is in place your underwriting wil all come from India. Over the past 33 years I m sure some of my customers had credit scores under 650. I can not remember one of the claims we paid that could be related to "bad credit:. I do recall some of my wealthy clients getting caught for filing fake theft claims. Stolen BMW, rolex watches etc. In todays credit happy country there are many people who have low scores.
West News 
Subject: RE: Jimmy, give me a break
Hope you are not an insurance agent, for your clients sake. This is some bean counters cheap way to underwrite. Once this is in place your underwriting wil all come from India. Over the past 33 years I m sure some of my customers had credit scores under 650. I can not remember one of the claims we paid that could be related to "bad credit:. I do recall some of my wealthy clients getting caught for filing fake theft claims. Stolen BMW, rolex watches etc. In todays credit happy country there are many people who have low scores.