Court Halts Mich. Crackdown On Credit-Based Rates

Law360, New York (April 14, 2009, 12:00 AM EDT) -- A Michigan state judge has blocked efforts by the state's insurance regulators to reject rate filings from insurance companies that use credit scores as a factor in determining premiums.

In a ruling issued Friday, Judge James Fisher of the Barry County Circuit Court issued an injunction preventing the Office of Financial and Insurance Regulation from continuing to disapprove new rate filings from automobile and homeowners insurance companies that take credit scores into account.

On April 8, the OFIR announced that it was challenging all new rate...
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