NU Online News Service, April 13, 2:00 p.m. EDT
A four-year-old legal battle in Michigan over the state regulator's attempt to ban insurer use of credit scoring may be headed to the State Supreme Court after a judge's recent ruling in favor of carriers that oppose the prohibition.
Fifth Judicial Circuit Court Judge James Fisher in Hastings, Mich., last Friday turned down a bid by the Michigan Office of Financial and Insurance Regulation to stay his injunction, preventing OFIR from denying insurance company rate filings using credit-based insurance scores as a rating factor to determine premiums.
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