Credit Scoring and Insurance…Carriers Being Watched for Compliance!
Posted by Gary in Law Changes, Student LoungeHello Pibbers! Some time ago, I wrote an article on the use of credit scoring in insurance and it generated a slew of responses. Most of the comments were directed at the state and their authorizing carriers to use credit as an initial underwriting tool. Since that legislation was signed into law, there have been some instances of insurers, well, not playing by the rules! (shock!) To read the previous post, click HERE. Read on for information concerning the scofflaws (read “insurer”) that blamed their “error” on a computer glitch! Read the rest of this entry »
Tags: Banking Services, Business, Credit and Collection, Credit score, Financial services, Insurance, Law, Underwriting

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