credit score News

With 2013 just around the corner, a number of states are preparing to implement new insurance-related laws. Insurance Journal highlights some of the changes that will take place around the country.

More than a decade ago, Joanne Jubert made six figures as an art director for a New York advertising agency. She pursued her passion of scuba diving. She joined film societies. She bought a modest home in upscale Little Silver. …

The use of predictive modeling has forever changed the way insurance policies are priced. The revolutionary tool allows insurers to design ever-more-sophisticated models that tap ever-more-detailed data sets to refine precisely how much each customer should be charged. Casualty actuaries …

The Massachusetts Association of Insurance Agents (MAIA) has agreed to a request from state lawmakers to withdraw the ballot initiative it filed in August to prohibit the use of credit scoring, education, and occupational data in auto insurance. From now …

Massachusetts independent insurance agents who oppose the use of credit scores, occupation and education level in auto insurance pricing by the insurance companies they represent are pushing to put a petition to ban such pricing on the state’s 2010 ballot. …

Texas law permits an insurer to use race-neutral factors in credit scoring to price personal lines of insurance. That’s the conclusion the Texas Supreme Court came to in considering a certified question from the Ninth Circuit court in a class action …

Proposed legislation to prohibit insurers from considering a consumer’s credit history would take away discounted rates for the majority of Nevada policyholders, according to the Property Casualty Insurers Association of America (PCI).  PCI testified recently before the Nevada Assembly Commerce …