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: Sample size
Posted On: February 1, 2005, 11:27 am CST
Posted By: I rule
Comment:
I totally agree with Joe, I am an insurance agent looking out for the best interest of my clients. The amount of money spent on getting this pushed through our government should be looked at.
My personal feeling is that this is just another way for insurance companies to stop actually having to underwrite a risk. Basically taking the lazy way out.
Numbers and figures can be manipulated, and talking government into something like this is easy. Just show them bottom line numbers, pay them millions in soft money and poof Credit scoring is a OK! I know I'm simplifing the process, but am I wrong???I think history proves me right and that soft money makes our government go around!
West News 
Subject: RE: Sample size
My personal feeling is that this is just another way for insurance companies to stop actually having to underwrite a risk. Basically taking the lazy way out.
Numbers and figures can be manipulated, and talking government into something like this is easy. Just show them bottom line numbers, pay them millions in soft money and poof Credit scoring is a OK! I know I'm simplifing the process, but am I wrong???I think history proves me right and that soft money makes our government go around!