Posts Tagged: credit scoring
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Jan 26, 2010
No CommentsInsurers and Credit Information: Still an Issue in the States
Continuing its recent tradition, insurers’ use of credit information is still attracting attention in the states and maintains its status as a “hot topic”. With the nation’s economy as a backdrop, consumer groups and some regulators seek to find ways to mitigate the negative impact that less than optimal credit scores can have on insureds....
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Dec 22, 2009
No CommentsA Look Ahead to 2010
While the insurance industry witnessed intense interest in its business at both the state and federal levels in 2009, the upcoming year is expected to continue to present challenges in terms of significant legislative and regulatory activity. Consumer protection interest in life settlements was evident this year in many states and 2010 may see additional...
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Nov 03, 2009
No CommentsLHCA Fall Meeting Presented a Bounty of Information for Life and Health Insurers
The Life and Health Compliance Association held their 93rd Meeting entitled “Harvest the Knowledge” last week in Des Moines, Iowa. Attendees took advantage of the opportunity to submit many questions in advance of the meeting covering life, annuity, and health insurance issues, which allowed for informative discussion of state compliance topics and an exchange of...
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Oct 22, 2009
No CommentsRecent Developments in Credit Scoring
A consistent “hot topic” in 2009, we continue to see states evaluate the use of credit information by insurers. The New Jersey Department of Banking and Insurance issued Bulletin 09-28 entitled “Insurance Scoring Information” on September 14th. This document, while acknowledging that property & casualty insurers are permitted to use insurance scoring information, cautions that...
