GA New Democrat Leaders
- Thread starter TigerGrowls
- Start date
I bet the acoustics in your head are incredible
Why should credit scores be used in deciding insurance coverage/premiums?
Uh risk. They’re a business and rely on being paid premiums from their customers. If a customer is habitually delinquent that’s problematic for the company and the other customers that pay their premiums. The 08 housing crisis was caused by sub prime mortgage customers not paying their bill, now you all want to do that to the insurance industry? Tell us you have no understanding of business without telling us. Holy **** you guys are clueless.
Try this leftists. What happened to health insurance after regulation and forcing insurance companies to insure high risk people. Did everyone’s health insurance get cheaper and better or do you pay exponentially more for exponentially less? How can these folks be so dumb.
Wouldn’t the solve for someone not paying their premiums be to then cancel their policy? Shouldn’t the premiums be based more on the value of what’s being insured? The policy in question here isn’t “insurance companies should have to provide coverage for those who don’t pay premiums” but rather “insurance companies shouldn’t be able to make premiums so expensive that people can’t afford it.”
The zip code portion of it makes more sense, depending on what’s being insured. If its an area where there are factors that create a higher liklihood of a claim being needed to pay out, I can understand why that would effect premiums.
But credit score? There’s no service that gets provided without payment, people aren’t borrowing money form insurance companies. If they don’t pay the premiums, they don’t get the service.
Your politics are not popular. Texas is blue. It’s over for Trump. You lost. Accept it.
I bet you’re broke, unemployed and live in your mom’s basement. Probably have a masters in cultural studies or something.
Hands down funniest post I’ve seen on here in a long time.
Insurance companies don’t use credit primarily as a proxy for “will this person pay the premium?” They use it because decades of data show a strong correlation between credit history and the likelihood/frequency/severity of claims. They study this stuff beyond anything you could imagine. FTC has data showing people with thinner or poorer credit file more claims and more expensive claims on average, even after controlling for other factors.
10 second search answers it. And logic answers it even more quickly. The types of decisions that lead to poor credit also are more likely to lead to other issues that would increase the likelihood of claims.
From chat:
There is a strong, well-documented relationship between credit history and insurance risk, particularly in auto and homeowners insurance.
Insurance companies have found that people with poorer credit histories tend to file more claims and generate higher insurance losses than people with stronger credit histories.
Correct. Termination of coverage is common practice for non payment for individual policies. Termination of employment for group policies as well. I've never heard of anyone even considering credit scores when it comes to coverage. Its a ridiculous claim that credit scores should have anything to do with insurance.
Some winners.
"I would like to see more drop boxes put back in. I would like to see an extension of our mail-in voters and absentee voting time."
"The SAVE Act would be detrimental to Georgians"
Her Quotes
Our upcoming Secretary of State Penny Brown Reynolds will be a disaster for Georgia.
"I would like to see more drop boxes put back in. I would like to see an extension of our mail-in voters and absentee voting time."
"The SAVE Act would be detrimental to Georgians"
Her Quotes
Our upcoming Secretary of State Penny Brown Reynolds will be a disaster for Georgia.
Thanks @dpic73 These leftist idiots that you all voted for are going to significantly harm Georgia.
Georgia's first Black Commissioner of Agriculture has no experience in the commercial agriculture industry.
She allegedly ran a tiny non-profit "community farm" in Snellville. The address of the "farm" is a mailbox at a UPS store. Her campaign rhetoric includes using the Georgia Department of Agriculture budget to give free money to Black people.
Her non-profit only filed a 990 for one year, 2019. She reported $2,856 in gross income and $121,568 in donations and grants. Most likely this was money from the city of Snellville or the county. Snellville and Gwinnett County are majority non-White.
In 2019, she paid herself $36,779 and an independent contractor $10,000. She lists $8,354 for printing and mailing, and $76,391 in "other" expenses, ending the year at a deficient of -$7,120. She never filed again.
#BlackRunGA
Georgia's first Black Commissioner of Agriculture has no experience in the commercial agriculture industry.
She allegedly ran a tiny non-profit "community farm" in Snellville. The address of the "farm" is a mailbox at a UPS store. Her campaign rhetoric includes using the Georgia Department of Agriculture budget to give free money to Black people.
Her non-profit only filed a 990 for one year, 2019. She reported $2,856 in gross income and $121,568 in donations and grants. Most likely this was money from the city of Snellville or the county. Snellville and Gwinnett County are majority non-White.
In 2019, she paid herself $36,779 and an independent contractor $10,000. She lists $8,354 for printing and mailing, and $76,391 in "other" expenses, ending the year at a deficient of -$7,120. She never filed again.
#BlackRunGA
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