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Credit Information
TCAIS
Principles Regarding the Use of Credit Information by Insurers in
Texas
To strengthen consumer protections regarding the use of credit information
by insurers, the Texas Coalition for Affordable Insurance Solutions
(TCAIS) endorses seven principles for regulation in Texas. Click
here to view TCAIS' credit principles.
Results
of a Comprehensive Study Commisioned by the Legislature in 2002
Members of
the Senate Business and Commerce Committee were told by a pair of
University of Texas researchers at a March 11 hearing that there's
a "significant relationship" between an individual's credit
score and the likelihood of filing a claims loss.
Insurance
Risk Scores vs. Credit Reports
When
determining what price to offer for homeowners or auto insurance,
insurance companies attempt to predict the probability of future
claim activity. (Read more...)
Factors
Affecting Home and Auto Insurance Premiums
A listing of important factors and terms affecting your home and
auto insurance premiums.
Q&A:
Improving Credit
Insurance companies use many factors when determining
whether to accept a customer and how much his or her insurance should
cost, including the use of credit information for insurance risk
assessment. As a result, improving your credit can have an effect
on your insurance premiums. (Read more...)
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