NU Online News Service, April 14, 2:51 p.m. EST
With credit scoring approaches to underwriting and pricing increasingly coming under attack across the nation, insurers need to supplement their techniques with new types of analysis, two actuaries said at a seminar.
Roosevelt Mosley, advised at a Casualty Actuarial Society Ratemaking and Product Management Seminar in Chicago that recurring attacks on insurers' ability to use credit scoring for personal lines underwriting and ratemaking "is not going to go away" according to a report of his remarks by CAS.
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