Credit-scoring.JPG
In case you missed the news during the New Year's holiday, the Federal Trade Commission subpoenaed nine carriers that control 60 percent of the U.S. homeowners insurance market, as part of a probe into how they use credit scores to set premium rates. I doubt they will find any intentional discrimination going on, but will that be enough to keep Uncle Sam from restricting or even banning the practice outright?


While the word “subpoena” has negative connotations of someone's arm being twisted, in fact this investigative process has been fairly civilized.

As reported by our Washington bureau chief, Dave Postal (click here for his complete story), the FTC in May asked for comment on a draft model order it could use in formulating its request for data in a fashion that wouldnt burden insurers. How sweet of them!

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