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: The Study has been done already JIMMY IS RIGHT!!!
Posted On: January 28, 2005, 7:37 am CST
Posted By: Tired
Comment:
And this isn't the only one. Independent studies (read "not by actuaries"), including a very comprehensive study conducted by the University of Texas, have also shown an undeniable connection between credit scores and claims.
And it's not just claim frequency! Severity of the claims also tends to increase as the credit score decreases.
It stands to reason that those who take the responsibility to effectively manage their credit would also be those with a greater propensity to perform routine home maintenance, drive safer vehicles, etc.
West News 
Subject: RE: The Study has been done already JIMMY IS RIGHT!!!
And it's not just claim frequency! Severity of the claims also tends to increase as the credit score decreases.
It stands to reason that those who take the responsibility to effectively manage their credit would also be those with a greater propensity to perform routine home maintenance, drive safer vehicles, etc.