Credit card underwriting examined.(Progressive Corp.): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on December 18, 1995. The length of the article is 1102 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: Progressive Corp is denying lower-cost, preferred automobile insurance to applicants who lack credit cards or who only have credit cards that the insurer does not find acceptable. Preferred auto insurance has premia that is 10% to 15% lower than the insurance Progressive will issue to applicants who fail to make the grade. State insurance regulators believe that Progressive is using credit cards as an underwriting criteria as a means of avoiding making more thorough credit checks. By failing to look at applicants' full credit history, Progressive may be engaging in discrimination.

Citation Details
Title: Credit card underwriting examined.(Progressive Corp.)
Author: L.H. Otis
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: December 18, 1995
Publisher: The National Underwriter Company
Issue: n51-52 Page: p1(2)

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