EP 6 - THE DIRTY SECRET OF INSURANCE RATINGS: CREDIT SCORING HAVING AN IMPACT ON PREMIUMS

This is INSURANCE MADE SIMPLE, Episode 6 & Peter Vitale is here to discuss: The use of credit in insurance rates, a quote from the CEO of AllState, scoring models, 95% of companies using your credit score to create your rates, different in pricing due to credit, getting rid of toxicity in the industry & more. This episode is not to he missed!  Articles referenced in this episode: https://www.iii.org/article/background‐on‐credit‐scoring https://consumerfed.org/press_release/insurance‐companies‐charge‐79‐more‐to‐safe‐drivers‐in‐ washington‐state‐due‐to‐low‐credit‐scores‐state‐farm‐nearly‐triples‐premium‐for‐good‐drivers‐with‐credit-problems/ Contact Peter at: https://www.linkedin.com/in/vitalepeter Get a quote at: https://app.usecanopy.com/c/Encore-Peter Follow: @tbotbpod & @dbpodcasts on Twitter & Instagram  LinkedIn: The Best of The Best: Maverick's Guide To Success & Maverick Levy Bookmark: www.tbotbpod.com Produced by: www.dbpodcasts.com