The National Association of Mutual Insurance Companies (NAMIC) said the Michigan Insurance Commissioner who recently resigned had “integrity.”
A NAMIC statement said that Frank Fitzgerald worked hard over the three years he served as Insurance Commissioner and then as head of the state’s newly formed Office of Financial and Insurance Services.
NAMIC took issue, however, with Fitzgerald’s recently issued bulletin, which included a provision requiring carriers to provide consumers with more information about companies’ use of consumer credit ratings to calculated insurance rates. The bulletin states that carriers’ scoring models will be available to the public via the state’s Freedom of Information Act.
NAMIC said such information is proprietary and should not be public.
Topics Michigan
Was this article valuable?
Here are more articles you may enjoy.
Trump Scraps Ocean Sensors Providing Crucial Data on Climate, Flooding 
Hedge Funds Are Expanding Desks Designed to Profit From Natural-Catastrophe Risk 
United Co-Pilot Warned Plane Was Slow, Low Before Newark Mishap 
Miami Moves to Seize Part of Posh Island After Fuel Fight 
