Keyword
credit score
Threat of adverse selection prompts auto carrier to start credit checks
July 13, 2021 by Greg MeckbachNova Scotia motorists who consent to a “soft” credit check from Economical Insurance will soon be eligible to get a discount on their auto premium, the province’s regulator announced Monday. The Nova Scotia Utility and Review Board (NSURB) has already…
Regulator allows Co-operators to use credit score for rating auto
February 9, 2021 by David GambrillFollowing in Aviva Canada’s footsteps, Co-operators General Insurance Company has received approval from the Nova Scotia auto insurance regulator to use credit scoring as a rating factor to help price auto insurance rates for private passenger vehicles. “The company proposed…
Aviva to start using credit info as auto rating factor in this province
February 13, 2020 by Greg MeckbachAviva Insurance Company of Canada and Traders General Insurance Company have permission to use consumers’ credit information as an auto rating factor, the Nova Scotia Utility and Review Board announced Monday. Insurers are specifically prohibited from using credit information as…
$2.2-million credit score class action settlement with The Personal approved
October 28, 2019 by Greg MeckbachA $2.2 million settlement of a class-action privacy lawsuit against The Personal has been approved by a judge, plaintiffs’ law firm Waddell Phillips Professional Corporation announced Monday. The lawsuit arose after The Personal asked some auto claimants if it could…
How much Ontario auto insurer might pay if it loses privacy class-action lawsuit
May 16, 2018 by Greg MeckbachIf Canada’s Federal Court were to rule against an Ontario auto insurer sued over allegedly obtaining credit scores of auto accident benefits claimants, the insurer might have to pay up to $10,000 a claimant. A class-action lawsuit was filed April…