Trade Groups Voice Outrage To NAIC Over McCarty Remarks

SAN FRANCISCO--Trade group representatives appearing before a National Association of Insurance Commissioners panel yesterday leveled heavy criticism at the group for allowing one of its members to app

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SAN FRANCISCO–Trade group representatives appearing before a National Association of Insurance Commissioners panel yesterday leveled heavy criticism at the group for allowing one of its members to appear before Congress and make negative remarks about the insurance industry’s use of credit scoring.

The groups expressed anger over the May 21 remarks of Florida Insurance Commissioner Kevin McCarty, who appeared on the NAIC’s behalf at a hearing on Capitol Hill on two bills that propose to ban credit scoring. Industry representatives said Mr. McCarty expressed a minority viewpoint not reflective of the majority of the commissioners’ home states.

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