Insurance groups are criticizing passage of Senate Bill 259 by the Wisconsin Senate late on Thursday, Jan. 31st. Senate Bill 259 would forbid insurers from considering information in an individual’s credit report for issuing, renewing, or setting premiums for auto …
As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating the defeat of a bill that would have prohibited property/casualty insurers from using credit information as a underwriting factor …
Legislation that would prohibit insurers’ use of credit information narrowly advanced out of the Colorado House Business Affairs and Labor Committee Thursday on a 6-5 vote. According to the Property Casualty Insurers Association of America, the insurance industry will oppose …
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
It’s not all cheese and football in the dairy land of Wisconsin. Insurance Commissioner Sean Dilweg has had important issues thrust in front of him in his one short year as commissioner. He has been working with staff, consumers, agents …
A small state like Alaska sometimes has trouble convincing the property/casualty insurance industry of creating opportunities in its state. So Alaska Director of Insurance Linda Hall relies on her experiences as a former high school English teacher to school others …
There is an X-factor in setting insurance rates that even actuaries would have a hard time calculating: Politics. For those who serve as their state’s ultimate authority on what factors insurers can use to raise or lower rates, political calculations …
Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting. In an online Insurance Journal poll completed by 76 Massachusetts agents, 56% said …
Insurance agents in Massachusetts support the state’s move to managed competition in private passenger auto insurance but oppose insurers’ use of credit scoring in rating or underwriting. They are expecting a lot of business movement as a result of the …
Getting Underway “Even though competition is just getting under way and Massachusetts drivers will realize significant savings now, many more benefits will evolve over time, as new companies enter the market, new products are introduced and companies fight for market …
