NU Online News Service, Nov. 5, 3:40 p.m. EDT
Republican takeover of the House will likely put an end to efforts to curb use of credit scoring as an underwriting tool by property and casualty insurers, according to an industry official.
Ben McKay, senior vice president, federal government relations for the Property Casualty Insurers Association of America, suggested that the end of the Democratic majority in the House Financial Services Committee means there is little likelihood that restrictions on the use of credit scoring as an underwriting tool will be imposed.
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