FTC Finds Use of Credit Helps Consumers, Insurer Group Says

July 20, 2007

  • July 26, 2007 at 1:13 am
    wudchuck says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    i work for a major insurance company. i may not always agree. so i am well educated in the insurance industry.

  • July 26, 2007 at 3:31 am
    Nobody Important says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    No, I am not all knowing. I do know this subject pretty well so I feel qualified to comment. So if I disagree with you I am bad and if you disagree with me you are just stating your opinion. Sounds fair to me.

  • July 26, 2007 at 4:15 am
    JC says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    Nobody important — no one said you had limited intelligence or were ignorant.

  • July 26, 2007 at 4:33 am
    Nobody Important says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    I have a frustration in general with the posters on this site who don’t understand insurance and won’t take the time to learn anything about it. At the same time they feel qualified to slander the hard working and honest people in my industry by calling them criminals in no uncertain terms. Then when they are called on to state facts, oh, you are so awful. Get real. I am proud of what our industry does and no insurance company haters (which you may not be) will make me less proud. I’m sorry you can’t take someone disagreeing with you. If you think my stating my informed opinion on my industry is in poor taste, who cares.

  • July 30, 2007 at 3:04 am
    jc says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    HEADLINE:FTC Commissioner Disowns Agency’s Credit-Based Insurance Scoring Study

    SUMMARY
    A member of the Federal Trade Commission says she distrusts the agency’s own study on the use of credit-based insurance scoring in insurance underwriting because its methodology is flawed and the study was far less thorough than other industry probes.

    Commissioner Pamela Jones Harbour, the only one of the five FTC commissioners to vote against releasing the report, said in a statement the research was poorly conducted and that its conclusions can’t be trusted.

    “Because I distrust the integrity of the underlying data set upon which the study was based, I also doubt the reliability of any conclusions the report might draw,” Harbour added.



Add a Comment

Your email address will not be published. Required fields are marked *

*