Yes, Michigan Reps. Hansen Clarke (D) and John Conyers Jr. (D) and Mississippi Rep, Bennie Thompson, recently introduced the Ban the Use of Credit Scores in Auto Insurance Act. If passed, this bill would change the Fair Credit Reporting Act. This would not allow reports on consumer credit to be used to set auto insurance [...]
read more
The 2012 Auto Insurance Discount Act is a piece of legislation working its way through the California Legislature. The Act would legalize surcharges by insurance companies that are currently banned. If passed, it would also repeal t... Read Post
Insurance companies in Kentucky are allowed to use your credit rating to determine your insurance premium. However, that won’t be the only determining factor. In fact, your credit rating might not be a factor at all with some compan... Read Post
That’s going to vary a lot based on the insurance provider you are working with. The Fair Credit Reporting Acts require that your insurance company tell you if your credit information will have a detrimental effect on your insurance... Read Post