Credit Scoring News

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 …

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 …

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 …

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 …

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

Disagreements about insurance credit scoring really boil down to what “fair” means. For insurers, “fair” means that an insurer can produce data showing a statistical relationship between credit scores and insurance losses. For consumer groups, such a statistical relationship is …

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 …

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 …

Del. Restricts Insurers’ Use of Credit Scoring for Auto, Home Renewals

Delaware Gov. Ruth Ann Minner has signed legislation restricting the use of credit information in setting auto and homeowner insurance rates, making Delaware’s credit scoring law one of the toughest in the country according to the law’s supporters. The new …

House Panel Postpones Today’s Credit Scoring Hearing

U.S. Representative Melvin L. Watt, D-N.C., chairman of the Subcommittee on Oversight and Investigations, today announced that the hearing entitled: “Credit-Based Insurance Scores: Are They Fair” is postponed and will be rescheduled for a later date. “The growing use of …

Consumer Group Says FTC 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 …