Auto Insurers News

Credit score debate heats up

The Federal Trade Commission’s long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance” was recently released and as expected, heated up the debate on insurers’ use of credit scores in automobile underwriting and rating. Insurers overall felt …

Editor’s Note: Credit score debate heats up

The Federal Trade Commission’s long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance” was recently released and as expected, heated up the debate on insurers’ use of credit scores in automobile underwriting and rating. Insurers overall felt …

Editor’s Note: Credit score debate heats up

The Federal Trade Commission’s long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance” was recently released and as expected, heated up the debate on insurers’ use of credit scores in automobile underwriting and rating. Insurers overall felt …

Consumer group says FTC report proves credit scoring costs minorities

A national consumer group stepped up its criticism of a recent government report on the use of credit scoring by auto insurers, claiming that the Federal Trade Commission report confirms that African American and Hispanic drivers pay more for auto …

Editor’s Note: Credit score concern

Debate on insurers’ use of credit scores in automobile underwriting and rating is heating up again, thanks to the Federal Trade Commission’s recently released, long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance.” Insurers overall felt vindicated, …

Berkshire Hathaway Insurance Earnings Exceed Expectations in 2d Quarter

Billionaire Warren Buffett’s holding company Berkshire Hathaway Inc. reported that its net income jumped nearly 33 percent during the second quarter because of strong performance from its insurance division. Berkshire said Friday it earned $3.1 billion (euro2.26 billion), or $2,018 …

Calif. Approves Geico Rate Reduction

The California Department of Insurance has announced it has approved GEICO’s 10.8 percent rate reduction in personal auto insurance policies. The reduction should translate into $65.8 million in overall savings for GEICO customers. Commissioner Steve Poizner also recognized GEICO’s early …

Credit score concern

Debate on insurers’ use of credit scores in automobile underwriting and rating is heating up again, thanks to the Federal Trade Commission’s recently released, long awaited study, “Credit-Based Insurance Scores: Impacts on Consumers of Automobile Insurance.” Insurers overall felt vindicated, …

Geico Cutting Auto Rates for some California Customers

Geico General Insurance Co. will cut auto insurance rates for some of its California policyholders by an average of 10.8 percent to comply with state rules requiring rates to be primarily determined by driving records, state insurance officials said. The …

Ark. Agents Honor Progressive’s Claims Department

The Professional Insurance Agents (PIA) of Arkansas named Progressive’s Arkansas claims unit as the 2007 “Claims Department of the Year” following a vote by the more than 250 independent insurance agency members in the state. More than 70 claims representatives …