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Some States Weighing Bans On Credit Scoring

The ongoing struggle to preserve maximum underwriting freedom for insurers continues, with approximately 16 states (to date) considering new legislation to prohibit insures' consideration of consumer credit information.

By Alex Hageli | Updated on March 31, 2010

The ongoing struggle to preserve maximum underwriting freedom for insurers continues, with approximately 16 states (to date) considering new legislation to prohibit insures’ consideration of consumer credit information. Although the volume of legislation is consistent with the previous 3 years to 4 years, streamlined and unified messaging by the industry is paying early dividends in the legislative arena.

Read a sounding board column from one of AA&B’s editorial advisory board members: “Credit scoring: Tough to explain, hard to beat.”

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