Credit Scoring Education Efforts Pay Off With two states approving it and more than a dozen others pushing it through their state houses, a standardized model introduced by a national insurance legislators group last year may go a long way toward resolving an issue that had previously pitted insurers against consumers and insurance agents.

The issue, the use of credit insurance scoring, has given rise to legislative activity across the United States.

Insurers claim they need the scoring mechanism to keep rates fair for everyone and that the subject is largely misunderstood by consumers and their advocates.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.