Boston -- If laws, regulations and public opinion combine to prevent carriers from using credit scores to set insurance rates, the industry will need to find new ways to assess risk, according to speakers at the Casualty Actuarial Society Seminar on Predictive Modeling this month in Boston.
"If you are limited in terms of factors you can use, recalibrate current factors to make the best use of the situation when you cannot use insurance scoring," advises Roosevelt C. Mosley, a principal at Bloomington, Ill.-based Pinnacle Actuarial Resources Inc.
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