Claims News Service, June 28, 3:17 p.m. EDT — The National Association of Mutual Insurance Companies is confuting an article in the August 2006 issue of Consumer Reports that examines the relationship between credit scores and automobile insurance premiums. [Click here to read Claims' breaking news piece on the subject.]

“It’s common knowledge that insurance companies have been using credit data for years as part of the underwriting and rating process,” said Neil Alldredge, senior director of state advocacy for NAMIC. “The Consumer Reports article rehashes false claims and specious arguments that were put to rest long ago after insurance scoring was subjected to rigorous analysis by university researchers and government agencies such as the Texas Department of Insurance.”

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