MAIA moves against use of credit-score ratings in insurance filing

10/6/2011 | Insurance Journal

The Massachusetts Association of Insurance Agents is pushing the state to ban rate filings on automobile and home insurance that include credit scores and other socioeconomic factors. MAIA aims to gather 69,000 signatures from voters to put the question on the state ballot. It says the practice is "unfair and discriminatory" despite what some insurers say is a link between low credit scores and auto-insurance claims. Massachusetts joins 26 other states with similar laws based on a model law by the National Conference of Insurance Legislators, according to PCI.

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