Insurers have been using credit-based insurance scores
as part of the underwriting decision for more than two decades.
Most insurers use credit-based insurance scores
, which use information from credit reports to help set premiums for auto, homeowners and renters policies.
As a result, the industry made huge segmentation gains from the creation of insurance scores
based on the resident (or owner's) credit.
Diarmuid Murtagh reduced Roscommon's arrears to just two with a free but Eoin Cleary eased Clare through with a couple of late insurance scores
Toher's ninth converted free of the afternoon and another for veteran Stephen Clynch provided Meath's insurance scores
But this may soon change, says Bazhaf, because a major new but still unpublished study shreds the argument behind laws in most states prohibiting or limiting companies' ability to charge bad credit risks more; i.e., that credit based insurance scores
are just a subterfuge (proxy) for discriminating on the basis of race and/or poverty.
Powell provides a review of the predictive accuracy of insurance scores
since first appearing in the academic literature in 1949, including an examination of the methods and results of several major investigations since (e.g., by the Texas Department of Insurance, EPIC Actuaries, and the Federal Trade Commission), and also presents abbreviated results from his own empirical investigation.
have been utilized to help differentiate between lower and higher insurance risks.
Individuals with higher insurance scores
also seem to shop earlier, while those with lower scores tended to shop later.
Often the team narrowly in front entering the final two or three minutes, latch on a few insurance scores
and so the 13-2 available about Clare winning by four, five or six points also appeals.
Suppose further that 30 percent of Mary's group received low insurance scores
while only 20 percent of Alice's