Insurance Score


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Insurance Score

A way of measuring the risk a potential policyholder poses to an insurance company. The insurance score is a numerical value and measures factors such as the number of claims the potential policyholder has made in the past. A higher score indicates that the potential policyholder poses little risk, is unlikely to make many claims, and is unlikely to make frivolous ones. As a result, one with a high insurance score pays a lower premium than one with a low insurance score.
References in periodicals archive ?
Insurers could still consider "territory" and an applicant's "insurance score," though the precise contours of what those permissible rating factors might entail are yet to be determined.
They won the kick-out too and worked the ball to McElligott to curl over the insurance score - securing victory and a February 16 All-Ireland semi-final against Dr Crokes.
The new law says insurers in Vermont can use credit information to underwrite or rate risks but they can't use an insurance score calculated using income, gender, address, ZIP code, ethnic group, religion, marital status or nationality as a factor.
It appeared as if the scene was set for Duncan Weir to appear off the bench one more time for Edinburgh and kick the winning points before his departure to Worcester this summer, but instead it was the home side who added the insurance score when Hanrahan slotted a penalty from the 10-metre line.
And anyway, what is there for a broker to do if a website with the right algorithms could compare all insurance rates and provide you with the best deal available in the market in relation to your insurance score?
SPM added an insurance score in the fourth quarter when sophomore Anthony Baldino broke free for a 29-yard TD sprint.
They have the same, relatively high insurance score. Their insurer charges each of them the same lower-than-average premium for an identical homeowners' insurance policy.
According to comments filed by FICO with NAIC, several factors are taken into account for FICO Credit-Based Insurance Score models, all of which the company says may indicate more frequent or higher insurance losses: payment history; amounts owed; length of credit history; new credit; and types of credit in use.
With Oregon trailing 1-0, Stoltenberg scored her first goal in the 28th minute and added an insurance score in the 64th, a minute after freshman forward Brynne Konkel had scored the go-ahead goal off a crossing pass from sophomore forward Kelsey Hones.
We tried renaming them, with the hope the moniker "credit-based insurance scores" would clarify that credit is just one component of an insurance score.
What is a "Credit Based Insurance Score" anyway, and how does it work?
"The notion that there's any kind of financial responsibility associated with your insurance score is a lot of bunk," he said.
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