Publications on Insurance

An important development in personal lines of insurance in the United States is the use of credit history data for insurance risk classification to predict losses. This research presents the results of collaboration with industry conducted by a university at the request of its state legislature. The purpose was to… Read More

Over the past decade, the insurance industry has begun using credit histories to create credit scores for individuals who apply for or, sometimes, renew automobile and other insurance policies. Insurers use these scores in rate-making decisions, raising premiums for individuals with poor credit history and lowering premiums for those with… Read More

The increasingly rapid rate of change in technology has been accompanied by an increasingly rapid rate of consumer acceptance and the effects of this new technology on industry have been revolutionary. The main driver of the transition toward a more electronic future is, of course, cost reduction. The expense of… Read More