Calif. Senate Committee Passes SB 150, SB 603

May 2, 2005

  • May 3, 2005 at 3:32 am
    Leave it to "that" state! says:
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    I hope this does not surprise anyone because it should not unless you have never been to California, never read about it or heard about it. If the left hand knew what the right hand was doing in politics and insurance in that state, it would be a very dangerous thing! To start with, look at their minimum limits of auto liability required. Get with the program girlie girls or was it girlie boys???!!!!

  • May 3, 2005 at 4:04 am
    Someone from "that" state says:
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    You are very correct..politicians are VERY dangerous. They have no common sense, spend everyone else’s money & do not leave a lot to show for it except for themselves.
    Seems like politicians are the problem..Oh, aren’t most or all of them attorneys? And by the way, it was “girlie men”..pay attention.

  • May 3, 2005 at 4:26 am
    Someone "? by "that" state says:
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    The Ladies’ repository!!

    “Pour it On”, The Scheme repository is not presently being maintained!!

    Start a rookie remote backup service, once again Humpty Dumpty will be on the move. The Humpty Dumpty Institute, Senate Leaders Certificated, SB 150, SB 603.

    Bring out the cake!!!

    So, Once Upon a Time, has been and forever will be a contemptuously state of anaylsis in the underwriting process for consumers.

  • May 3, 2005 at 5:26 am
    martin says:
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    credit should not be a factor in insurance rating, and dmv record has the violations
    stop spinining things around

  • May 4, 2005 at 10:18 am
    jcgr says:
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    I agree that this part of SB 150 undermines an insurers’ ability to comply with Prop 103. However, I do agree that the use of credit score by insurers is wrong. There are numerous of studies confirming the correlation between credit history and costs of future insurance losses, but do we really know how the studies were conducted. Perhaps additional studies must be made. The AIA is doing a good job opposing to this legislation.

  • July 25, 2005 at 8:47 am
    You are misinformed says:
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    There’s more than one study that confirms there is definately a relationship between the credit score and history of claims and/or the probability of future claims, one of which was done by the University of Texas (nothing to do with insurance or consumer advocates either one). The comment about the MVR’s is a joke. People take the classes and their DMV records do not reflect everything and sometimes nothing, including multiple DWI’s. Do not tell me I do not know what I am talking about. I work in insurance and see it on a daily basis. Other reports show multiple offenses of DWU and as well as other felony convictions related to driving within the last 3 years but guess what? Their MVR does not show it. Too many loopholes and outs for offenders and the people who have clean driving records and are responsible drivers and citizens wind up paying for them.



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