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
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