High Court Rules For Insurers Regarding Credit Scores

Law360, New York (June 4, 2007, 12:00 AM EDT) -- The U.S. Supreme Court ruled Monday that insurers are liable under federal law to inform consumers about higher rates based on credit reports, but do not need to send notices if reports do not affect rates.

The unanimous ruling cleared insurers Safeco Insurance Co. of America and GEICO General Insurance Co. of violations of the Fair Credit Reporting Act and remanded parts of the companies' cases back to district courts. The ruling will also have a major impact on other cases regarding what is considered “willful”...
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