Search
 

Oregon Voters Okay Credit Scoring For Insurance Rating

Measure 42--rejected by 65 percent of voters--would have barred all use of credit scoring by insurers in calculating premiums. Under current law, credit scoring is allowed only on initial applications,

By Mark E. Ruquet | Updated on November 12, 2006

A measure in Oregon that would have barred the use of credit scoring in determining insurance premium rates went down to a resounding defeat last week.

Measure 42–rejected by 65 percent of voters–would have barred all use of credit scoring by insurers in calculating premiums. Under current law, credit scoring is allowed only on initial applications, and prohibited for existing customers.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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.

Already have an account?

 

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.