One of the most controversial underwriting advances has been the use of credit scoring in personal automobile and homeowners insurance lines. This is a research project. You are tasked with a two to four page single spaced paper with two (2) valid references that answers these questions:
1. What is credit scoring - be specific.
2. What do proponents of credit scoring say are the benefits of credit scoring.
3. What do proponents of credit scoring say are the problems with credit scoring.
4. What is the status of credit scoring for personal lines property casualty in Texas.
5. What is your opinion of the value of credit scoring - give a sound argument and reasons for your opinion.