The Financial Crisis Has The “Credit Rating Method” Under Scrutiny…

In states that use credit ratings along with other methods in determining premiums for auto and homeowner insurance, consumer groups are upset as the current financial crisis they say, has forced up rates unfairly. Others counter with the contention that responsible people pay their bills and keep their financial house in order and credit ratings should matter. The use of credit ratings is outlawed in California and Hawaii. Click here for the full story…