Insurers have filed an appeal against the Michigan Supreme Courtto fight a decision that would forbid credit-based insurancescoring in underwriting.

The ruling, made by a state appellate court, reverses a 2005 rulingthat permitted companies to continue using credit scores in settingpremiums. The case reached the appellate court when the stateOffice of Financial and Insurance Services appealed the circuitcourt decision.

|

For more information, visit courts.mi.gov/.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 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.