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Insurers to Fight Credit Scoring Ban on Colo. House Floor

West News • January 28, 2008
Legislation that would prohibit insurers' use of credit information narrowly advanced out of the Colorado House Business Affairs and Labor Committee Thursday on a 6-5 vote. According to the ...

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Subject: RE: RE: RE: RE: RE: Credit vs Driving!?

Posted On: January 29, 2008, 2:36 pm CST
Posted By: SWFL Mark
Comment:
Wudchuck, your logic makes sense however there is more to it than "rich guy fixes own car and doesn't turn in claim". Every meaningful study on credit scoring shows that the loss ratio deteriorates on each "line item" (med pay, PD, BI, PIP, UM, etc) as the credit score deteriorates. The data is consistent and predictive. While there may be some truth to the fact that people with means can afford to pay their own claims, they certainly are offering to pay their own BI and UM claims.

Yes there are exceptions in every "data pool", but insurance isn't about exceptions, it's about large, similar groups being treated the same way.
Subject Posted By Posted On
RE: RE: RE: RE: RE: credit scoring & insurance lastbat
Jan 30, 2008, 2:10 pm
RE: RE: RE: RE: credit scoring & insurance wudchuck
Jan 30, 2008, 12:34 pm
RE: RE: RE: credit scoring & insurance Dustin
Jan 30, 2008, 12:32 pm
RE: RE: credit scoring & insurance wudchuck
Jan 30, 2008, 12:28 pm
RE: credit scoring & insurance Ratemaker
Jan 30, 2008, 12:05 pm
RE: salary Ratemaker
Jan 30, 2008, 11:57 am
RE: credit scoring & insurance Dustin
Jan 30, 2008, 11:12 am
credit scoring & insurance beast
Jan 30, 2008, 11:09 am
salary wudchuck
Jan 30, 2008, 10:15 am
RE: RE: Credit vs Driving!? Ratemaker
Jan 30, 2008, 7:41 am
RE: RE: RE: RE: RE: RE: RE: RE: RE: Credit vs Driving!? SWFL Mark
Jan 30, 2008, 7:32 am
RE: RE: RE: RE: RE: RE: RE: RE: Credit vs Driving!? einstein
Jan 29, 2008, 6:12 pm
RE: RE: Credit vs Driving!? lastbat
Jan 29, 2008, 4:26 pm
RE: Credit vs Driving!? wudchuck
Jan 29, 2008, 4:11 pm
RE: RE: RE: RE: RE: RE: RE: Credit vs Driving!? Dustin
Jan 29, 2008, 3:41 pm
RE: RE: RE: RE: RE: RE: Credit vs Driving!? Ratemaker
Jan 29, 2008, 3:23 pm
RE: RE: RE: RE: RE: Credit vs Driving!? SWFL Mark
Jan 29, 2008, 2:36 pm
RE: RE: RE: RE: Credit vs Driving!? wudchuck
Jan 29, 2008, 2:18 pm
RE: RE: RE: Credit vs Driving!? Nobody Important
Jan 29, 2008, 1:58 pm
RE: RE: Credit vs Driving!? wudchuck
Jan 29, 2008, 11:42 am
RE: Credit vs Driving!? lastbat
Jan 29, 2008, 11:40 am
Credit vs Driving!? wudchuck
Jan 29, 2008, 10:51 am
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