WASHINGTON–One of the five Federal Trade Commission members has filed a dissent from the agency's study of insurance industry credit scoring use, which concluded it is an “effective predictor” of risk for rating auto insurance customers.
Commissioner Pamela Jones Harbour disagreed with the methodology used in generating the report and voiced doubt over the “reliability of any conclusions the report might draw.”
Another member of the Commission had other concerns, saying that while he thought the report “makes a substantial contribution to public discussions in this area,” the results “are, of course, no cause for celebration.”
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