Supreme Court Allows Credit Scoring Discrimination Suit

National • April 28, 2004

“What I don’t understand is why there is a problem with a perfectly good plan to have persons more likely to have accidents pay their fair share of the risk. I don’t believe that there is any doubt about the actuarial tables that find a definite link between “low” credit scores and the risk of a loss. As for claiming discrimination, the scoring does not provide the companies any information about race so what’s the problem? As for insurance companies being in the risk business … that may be true, but the first responsibility for any company is to turn a profit. No profit, no business. We don’t need any more Kempers out there.”

— Ray C. Margeson, Elmira, N.Y.