The Property Casualty Insurers Association of America (PCI) is applauding a ruling by a Michigan Circuit Court Judge to expand a ban on negative regulatory action against insurers based on the their use of credit information in insurance rating and underwriting.
The request, made by the Property Casualty Insurers Association of America (PCI), the American Insurance Association (AIA) and the National Association of Mutual Insurance Cos. (NAMIC) sought to expand an earlier injunction against Michigan’s Office of Financial and Insurance Regulation (OFIR). The previous injunction was limited to several named individual companies and two state trade associations involved in a law suit over credit scoring that will soon be heard by Michigan's Supreme Court.
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