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 Bluff Walk
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Have I ever mentioned that sometimes I love Bob Hartwig? Insurance Journal has an article mentioning that the state’s latest salvo on modern personal auto insurance underwriting and ratemaking is stuck for now, with the state Senate having adjourned for the year, without taking up an auto insurance reform measure which, among other things, would ban [...]
Of course, we don’t necessarily have to wait on legislative season for festivities to begin. Via Scottrade: Florida insurance regulators held a marathon public hearing on the use of credit-based insurance scoring, with representatives of five insurance companies and several consumer interests giving testimony, in advance of the upcoming legislative session. Five insurance companies — Allstate, [...]
Before folks disappeared for the long weekend, this story appeared on the newswires: U.S. regulators have ordered nine insurance companies, including Allstate Corp and Travelers Cos Inc, to provide information about how they set prices for homeowners’ coverage, the Federal Trade Commission said on Tuesday. The FTC said the companies must provide data about credit-based insurance scores, [...]
Insurance Journal has been posting the testimony of Dr. Powell of UALR made before the House Financial Services Oversight & Investigation subcommittee last May. Within the discussion posted is the following observation, which merits highlighting: We are not in this hearing because everyone likes insurance scoring. I have heard critics of insurance scoring describe potential or [...]
Sometimes, the day job interfering with my extracurricular online reading can be annoying. For example, I would have been very interested to have read this blog entry from the Palm Beach Post yesterday: Florida Insurance Commissioner Kevin McCarty is taking his campaign to stop auto and property insurers from denying coverage or charging higher rates to [...]
Conning is making some interesting-sounding noise about their latest paper on the nonstandard auto market. From a Conning press release: “As predictive modeling has become more prevalent in auto insurance underwriting, the standard auto market has expanded to include and price risks that would once have been thought of as nonstandard,” said Alan Dobbins, analyst [...]
Seen in the New York Times: IF you get speeding tickets, watch out: The chances are good that you will also engage in possibly dangerous investing behavior, too. That is the implication of a new study that found that individuals who receive more speeding tickets tend to churn their portfolios.[...] These rich data sets enabled the professors [...] 
Since I’m simmering over experiencing first-hand what the practical implications are of medical TPA’s being safe from bad-faith or other consumer grievance claims under ERISA (see this post and the one I’ll write once my temper has cooled a bit more), something tells me that I should restrain myself from commenting too much on this: MSNBC’s [...] 
Three articles in my reading pile today struck me as being someone interestingly related. First, RiskProf points to a comment by Bob Hunter in the Christian Science Monitor on a new direction of attack in his war on credit scoring in insurance rating and underwriting. “A lot of people don’t think about how this classification system [...]
Seen in a wire service story: The Massachusetts insurance commissioner on Friday banned the use of drivers’ credit scores in auto insurance coverage decisions under a final set of rules opening the state’s auto insurance market to greater competition. Commissioner Nonnie Burnes expanded restrictions on insurers’ use of credit histories after consumer advocates, the state’s attorney general [...] |
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