Michigan Supreme Court Allows Use of Credit Scores to Determine Auto Insurance Prices
Drivers and insurance-holders in Michigan have some new financial worry to handle as the county’s Supreme Court approved the use of credit scores to determine the price of car insurance in the said state. At the same time, insurance institutions and companies in the county such as the Insurance Institute of Michigan consider this turn of events as a major success for them. The Office off Financial and Insurance Regulations have attempted to ban the usage of credit scores to determine the prices of auto insurance because it believes that if it is implemented it would cause some consequences and … (more) September 2, 2010
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