From the supplier: The National Association of Insurance Commissioners (NAIC) will consider a new policy about insurers' use of credit reports in determining risk. Consumer representatives are opposed to the planned policy, while insurers are in favor of the current draft. A recent analysis of the correlation between credit scores and future losses, commissioned by consumer credit score supplier Fair, Isaac and Co, shows a 99% probability that a strong relationship exists, if analysts discount the data from one company in the study.
Citation Details
Title: Credit report white paper clears hurdle.(National Association of Insurance Commissioners plans policy on insurers' use of credit reports)
Author: L.H. Otis
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 23, 1996
Publisher: The National Underwriter Company
Issue: n52 Page: p3(2)
Distributed by Thomson Gale
Price: $5.95
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