New York Gov. Eliot Spitzer's recent veto of legislation to limit use of credit scores generated from consumer mortgage and auto loan inquiries is drawing praise from insurance industry trade groups.

The governor on Wednesday vetoed the measure (A.1416/S.4566) that would have prohibited insurers from considering home mortgage and auto loan inquiries in determining credit scores.

"This veto protects insurers' ability to use valid and predictive information," said Paul Tetrault, state affairs manager for the Northeast United States for the National Association of Mutual Insurance Companies.

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