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Mich. Fights Credit Data-Based Home Insurance Rates

Law360 (April 7, 2009, 12:00 AM EDT) -- Building on its efforts to block insurance credit scoring, Michigan's insurance regulator said Wednesday it would challenge all new rate hikes by homeowners insurance companies that used credit scores as a factor in determining premiums.

In a statement issued Wednesday, Michigan's Office of Financial and Insurance Regulation said it was rejecting rate requests from homeowners insurance companies in addition to those filed by automobile insurance companies, expanding on a practice it adopted for automobile insurers last month.

OFIR contends that insurance credit scoring is not only...
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