Search
 

Federal Credit Score Ruling In Flux

Appeals court weighs in for third time, with ultimate verdict up in the

By Arthur D. Postal | Updated on February 05, 2006

A federal appeals court is backing off from some of the language in a recent decision requiring insurers to notify a customer in writing that they weren’t being offered the best rate because of a low credit score–or be potentially liable for damages.

Instead, in its third opinion in the case, handed down Jan. 25, a panel of the 9th U.S. Circuit Court of Appeals in San Francisco said the lower court hearing the case should decide based on testimony already submitted whether the insurer’s action, in failing to disclose the adverse use of credit history, constituted a “willful and unreasonable act.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.