The Texas Department of Insurance (TDI) is holding hearings today at its offices in Austin on proposed rules to further regulate the use of credit-based insurance scores.
The wide-ranging insurance reform bill SB 14, passed earlier this year by the Texas Legislature, includes provisions requiring a state study of insurance scoring and examination of insurers’ scoring models by TDI.
Consumer advocate Dan Lambe of Texas Watch told the Associated Press new rules should also include a cap on how much an insured can be “penalized” for bad credit.
The hearings will be available online at the TDI Web site in Real Audio.
Topics Texas
Was this article valuable?
Here are more articles you may enjoy.
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
Home Insurance Tops Property Taxes in Squeeze for US Households 
Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt 
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
