Editor’s Note: Credit scoring an issue in 2007
Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases …
Editor’s Note: Future predictions
People ring in the New Year with all sorts of traditions. New Yorkers drop a Waterford crystal ball in Times Square. Japanese families shoot off fireworks to keep evil spirits away. And in the South, a meal of cornbread black-eyed …
13 states file briefs against credit scoring
Delaware Commissioner of Insurance Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. The amicus curiae, or “friend of the court,” brief …
Insurer Group to Target Windstorm Funding in Texas
Texas Windstorm Insurance Association (TWIA) funding issues will be the Property Casualty Insurers Association of America’s (PCI) top legislative priority in its Southwestern region, the insurer group announced. The Southwestern region includes the states of Arkansas, Oklahoma and Texas. Automobile …
Insurers Overturn Fla. Restriction on Use of Credit Scoring
A Florida Administrative Law Judge has declared that the Florida Office of Insurance Regulation’s rule restricting the use of credit information by insurers is invalid. In a Dec. 29 ruling, Judge Lawrence P. Stevenson of the Florida Division of Administrative …
Ark. Joins Court Filing on Credit Scoring
Arkansas Insurance Commissioner Julie Benafield Bowman announced the Arkansas Insurance Department has joined with twelve other states filing a brief supporting a case brought by consumers against the insurance industry’s use of credit scoring in determining auto rates. The amicus …
13 States File Briefs Against Credit Scoring in U.S. Supreme Court Case
Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other state insurance commissioners to join Delaware …
Contingent commissions, court rulings highlight 2006
In 2006, the Midwest experienced the impact of contingent commission settlements based on the actions of several attorneys general and a myriad of court rulings on insurers’ use of credit, liquor liability and asbestos. Throw into the mix severe storms …
Down to mirth
Insurance is a serous business, with contingent commissions, credit scoring and natural disasters making news in 2006. It’s not easy finding humor in the headlines. Yet a few stories that brought a smile snuck through the disasters and dire warnings …
Commissioners, compensation rules, earthquakes made for shaky ground
In the era when cowboys and gold panners roamed, the West was characterized as a wild yet adventurous place to live. Judging by 2006’s insurance industry headlines, those sentiments don’t seem to have changed. In the past year, agents and …