National • April 28, 2004
“What I don’t understand is why there is a problem with a perfectly good plan to have persons more likely to have accidents pay their fair share of the risk. I don’t believe that there is any doubt about the actuarial tables that find a definite link between “low” credit scores and the risk of a loss. As for claiming discrimination, the scoring does not provide the companies any information about race so what’s the problem? As for insurance companies being in the risk business … that may be true, but the first responsibility for any company is to turn a profit. No profit, no business. We don’t need any more Kempers out there.”
— Ray C. Margeson, Elmira, N.Y.
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
‘Meaningful Decline’ in Industry Q1 Underwriting Profit Expected From Winter Storms 
Deep Freeze and Drought Fueled a Massive Florida Wildfire 
Root Inc. Reports Record 2025 Net Income as Policies Grow 
Mexico’s Cartel Violence Could Hit Economy and Insurance Segment: AM Best From This Issue
