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The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

The Maryland legislature has rejected legislation that would have imposed an outright ban on the use of credit information in rating automobile insurance.

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.

Consumer representatives again made their case to insurance regulators about perceived inaccuracies regarding insurers' use of credit-based insurance scores as a factor in determining rates.

A first step toward a model law to regulate sellers of credit scoring products used by insurers has been taken by the National Association of Insurance Commissioners.

In the early 1990s I was scratching out a living as an underwriting manager when my phone rang with one of the most asked questions in our industry: "What does my credit score have to do with my car insurance rates?"

A Senate bill in the Washington State Legislature to ban credit-based insurance scoring failed to come to a vote on the Senate floor before a deadline for moving legislation expired.

A predictive data company said U.S. auto insurers are inquiring about alternative ways to rate auto insurance risks without credit record data.