Credit Scoring News

N.H. Accepts Insurers Use of Credit to Price Auto Insurance

Most insurance companies doing business in New Hampshire base their customers’ insurance rates partly on their car loans, credit card balances and other debt. Five years ago, the state Insurance Department adopted rules for insurance companies to follow in using …

Consumer, Civil Rights Groups: FTC Credit Score Report is Biased

Representatives of consumer and civil rights organizations have condemned a congressionally-mandated report on insurance credit scoring by the Federal Trade Commission (FTC) as biased insurance industry propaganda. According to a statement released by the National Fair Housing Alliance, the groups …

Oregon’s Ario tapped to be Pennsylvania commissioner

Oregon’s Department of Consumer & Business Services announced that Insurance Administrator Joel Ario will be leaving the Beaver State to become Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer & Business Services since 1994, Ario …

Oregon’s Ario tapped to be Pennsylvania commissioner

Oregon’s Department of Consumer & Business Services announced that Insurance Administrator Joel Ario will be leaving the Beaver State to become Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer & Business Services since 1994, Ario …

Congressional Hearing Scheduled This Week on Insurer Use of Credit Scoring

Congress is poised to hold a public hearing on the use of credit scores by insurers in pricing. Rep. Melvin L. Watt (D-N.C.), chairman of the Subcommittee on Oversight and Investigations of the House Financial Services Committee, announced that the …

FTC Finds Use of Credit Helps Consumers, Insurer Group Says

The Federal Trade Commission’s (FTC) study of automobile insurers’ use of credit has reaffirmed the strong connection between credit information and the risk of loss and has determined that its use helps to increase the availability and affordability of insurance …

Oregon’s Ario tapped to be Pennsylvania commissioner

Pennsylvania Gov. Edward G. Rendell has nominated Joel Scott Ario, the chief insurance regulator for the state of Oregon and a former consumer advocate, to serve as Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer …

Insurers Winning Battles Over Use of Credit Scoring in Most States

As Ed Rathje sees it, his first foray into the Nevada Legislature as a citizen-activist ended in “total defeat” earlier this month when a bill he was pushing to limit the insurance industry’s use of credit histories to set rates …

Oregon’s Ario tapped to be Pennsylvania commissioner

Pennsylvania Gov. Edward G. Rendell has nominated Joel Scott Ario, the chief insurance regulator for the state of Oregon and a former consumer advocate, to serve as Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer …

Declarations

Workers’ comp caps “Workers’ comp is just too important to take any changes that something would go on the ballot that would make the system fall apart. There are unintended consequences when we go to the ballot so everyone is …