Filed Under:Markets, Personal Lines

Insurers Speak Out Against NAIC Credit Scoring Data Call

NU Online News Service, Sept. 30, 3:58 p.m. EDT

Insurers and trade groups objected to a planned National Association of Insurance Commissioners' (NAIC) data call on credit-based insurance scoring during a recent NAIC committee hearing.

At the NAIC Property and Casualty Committee public hearing held today, Neil Alldredge, senior vice president for state at political affairs at the National Association of Mutual Insurance Companies (NAMIC), said his association "is completely opposed to this data collection exercise developed by the NAIC. Simply, it is too expansive, costly and misguided to justify."

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