High Court Takes On Insurers’ Credit Law Appeal

Law360, New York (September 26, 2006, 12:00 AM EDT) -- In a move that could affect liability and disclosure standards for instances in which insurers quote higher insurance rates to consumers with low credit scores, the U.S. Supreme Court on Tuesday agreed to hear arguments in two cases involving claims that several major insurance companies violated the Fair Credit Reporting Act.

The high court granted petition for certiorari on Tuesday in separate cases brought by auto and home insurer Safeco Insurance Co. of America and Geico General Insurance Co., the insurance unit of Warren Buffett's Berkshire...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.