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.
Liberty Mutual Says Safeco Brand Is Officially Retired
California Insurance Commissioner Race Has Diverse Field Amid ‘Insurance Crisis’
Another Appeals Court Balks at Class Action Over Auto Insurers’ ACV Methods
How Pennsylvania Added 33,000 Insurance Agents in 3 Years 


