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Credit rating agencies, accused of assigning top ratings to shoddy securities, would be exposed to greater liability under a wide-ranging financial services reform bill released by a leading U.S. senator.

The draft bill unveiled last Tuesday would give investors an easier way to sue firms like Moody’s Corp., Standard & Poor’s and Fitch Ratings, if they knowingly and recklessly failed to investigate or obtain analysis from an independent Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »

State has denied auto insurance rate increases for seven companies that considered drivers’ credit histories to determine their premiums, even as the practice awaits a ruling by the Michigan Supreme Court.

State insurance Commissioner Ken Ross said the rate denials will send a message that credit scoring unfairly discriminates against motorists and that it allows insurers to inflate the cost of auto insurance.

Insurance companies Read the rest of this entry »