Congressional Hearing Scheduled This Week on Insurer Use of Credit Scoring

Congress is poised to hold a public hearing on the use of credit scores by insurers in pricing.

Rep. Melvin L. Watt (D-N.C.), chairman of the Subcommittee on Oversight and Investigations of the House Financial Services Committee, announced that the subcommittee will hold a hearing entitled “Credit-Based Insurance Scores: Are They Fair?”

The hearing is scheduled for Friday, July 27, 2007 at 10:00 a.m., 2128 Rayburn House Office Building.

Source: House Financial Services Committee

Latest Comments

• July 31, 2007 at 9:53 am

  Realist says:

  Anyone with any business sense knows that.
• July 31, 2007 at 9:49 am

  A VETERAN AGENT says:

  Credit scoring is a travesty and makes our industry based upon lies and half truths. The original credit model is now about 15 years old and is based soley upon a large number... read more
• July 25, 2007 at 3:27 am

  Realist says:

  A sad commentary on our industry, that fact being over the heads of so many, really sad. Of course, that's why the industry is in the shape it's in, too many small brains, eve... read more