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Oregon Voters Defeat Credit Scoring Ballot Measure
West News • November 8, 2006
Oregon voters rejected Measure 42 -- which would have banned the use of credit-based insurance scoring -- by nearly a two-to-one margin of 65.58 percent to 34.42 percent -- in yesterday's ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Do U believe | Einstein | Nov 13, 2006, 2:37 pm |
| RE: Do U believe | Socrates | Nov 13, 2006, 1:42 pm |
| RE: Do U believe | Nan | Nov 13, 2006, 1:34 pm |
| Do U believe | Einstein | Nov 9, 2006, 8:58 pm |
| RE: RE: RE: Credit | Teri | Nov 9, 2006, 3:47 pm |
| RE: RE: Credit | 1who knows | Nov 9, 2006, 2:21 pm |
| RE: Credit | anonymous | Nov 9, 2006, 1:36 pm |
| Credit | M | Nov 9, 2006, 11:57 am |
| poor neighbors | Einstien | Nov 9, 2006, 11:33 am |
| 1 More Thing | 1who knows | Nov 9, 2006, 11:08 am |
| Poor People Should Pay More? | 1who knows | Nov 9, 2006, 11:02 am |
| RE: Poor neighborhoods don't make bad drivers! | anonymous | Nov 9, 2006, 8:04 am |
| Poor neighborhoods don't make bad drivers! | Average Joe | Nov 8, 2006, 11:38 pm |
| Shame on us! | Einstein | Nov 8, 2006, 9:17 pm |
| RE: RE: RE: Bad things happen to good people... | EB | Nov 8, 2006, 5:15 pm |
| RE: RE: Bad things happen to good people... | KLS | Nov 8, 2006, 4:56 pm |
| RE: Bad things happen to good people... | RJW | Nov 8, 2006, 3:32 pm |
| Shows you who is voting! | t | Nov 8, 2006, 2:50 pm |
| Bad things happen to good people... | KLS | Nov 8, 2006, 2:16 pm |
| Consumers | EB | Nov 8, 2006, 12:56 pm |
| Back to article | ||
Subject: RE: Poor neighborhoods don't make bad drivers!
Nobody is saying that credit scores are perfect predictors of loss. They aren't, but no other rating variable is. Just like there are drivers out there with speeding tickets who won't cause wrecks there are drivers with poor credit scores that won't cause wrecks either, but the Insurance company is just playing the odds.
If incorporating these models didn't improve price segmentation, then insurers wouldn't use them. Heck, if you really think that credit score isn't predictive of loss activity then start your own company, don't surcharge for poor credit score, and write all the poor credit risks. I'm sure you'll make a fortune....