Credit Scoring News

News Currents

Credit scoring use still an issue for officials, consumer groups But industry groups say the battle has become less ‘onerous’ but it’s not over in some states The recent release in late July of a long-awaited Federal Trade Commission (FTC) …

Insurers say Alaska court decision could lead to uneven rates

A ruling by the Alaska State Supreme Court requiring insurers to re-rate all policies at the very first renewal as if credit information was never considered will have the unintended result of forcing good insurance risks to pay more — …

Declarations

Ranking physicians “Transparency and accurate information are essential when consumers make healthcare decisions. We will ensure that insurance companies are not obscuring important facts at the consumers’ expense.” — New York Attorney General Andrew M. Cuomo warning two major health …

Credit scoring use still an issue for officials, consumer groups

The recent release in late July of a long-awaited Federal Trade Commission (FTC) study on the use of credit scoring for underwriting and rating purposes did nothing to put to rest the controversy over its use by insurance companies. The …

8 N.J. hazing case triggers campus

safety liability concerns College administrators watching indictments at Rider University 8 9/11 insurance fund under fire Why those exposed to harmful substances haven’t been compensated 10 Mass. lawmakers, agents uncomfortable with Patrick auto plan In particular, with socioeconomic factors 12 …

Declarations

Declarations Ranking physicians “Transparency and accurate information are essential when consumers make healthcare decisions. We will ensure that insurance companies are not obscuring important facts at the consumers’ expense.” — New York Attorney General Andrew M. Cuomo warning two major …

4 Insurers Said to Be Eyeing Mass. Auto Market After Deregulation

Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they will enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …

Insurers Say Alaska Court Decision Could Lead to Uneven Rates

A ruling by the Alaska State Supreme Court requiring insurers to re-rate all policies at the very first renewal as if credit information was never considered will have the unintended result of forcing good insurance risks to pay more – …

Mass. Lawmakers Anxious About Auto Change, Socioeconomic Factors

Massachusetts lawmakers are anxious about the Patrick Administration’s decision to try competitive rating in auto insurance in 2008 but have stopped short of asking Insurance Commissioner Nonnie Burnes to halt her transition plan. At a hearing in Boston, several senators …

Insurance credit scoring: 21st century redlining and the end of insurance

You’ve just been laid off from your job. Or your daughter has a major medical problem that your health insurance (if you have any) doesn’t fully cover. Or you’ve just gotten a divorce. These three life events account for 87 …