Claims News Service, June 28, 3:17 p.m. EDT — The National Association of Mutual Insurance Companies is confuting an article in the August 2006 issue of Consumer Reports that examines the relationship between credit scores and automobile insurance premiums. [Click here to read Claims' breaking news piece on the subject.]
“It's common knowledge that insurance companies have been using credit data for years as part of the underwriting and rating process,” said Neil Alldredge, senior director of state advocacy for NAMIC. “The Consumer Reports article rehashes false claims and specious arguments that were put to rest long ago after insurance scoring was subjected to rigorous analysis by university researchers and government agencies such as the Texas Department of Insurance.”
Alldredge cited two examples of what he says are false or misleading claims that appear throughout the article:
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.
