Did you think that Repblicans had run out of ways to soak the poor? Well, guess again.This article, which appeared in yesterday's Atlanta Journal Constitution describes how Republican State Representative Rich Golick sponsored a bill to allow insurance companies to use credit scores to set automobile and homeowner's insurance rates. The bill sailed through the Republican dominated legislature. What does your credit score have to do with your likelyhood of having an accident? Good question.
Like most people, Golick couldn't then — and can't now — explain the connection. Why would information about credit card bills and mortgage payments predict someone's driving habits?"I work in this business. It is not obvious to me," said Golick, who in addition to his legislative job is an attorney for Allstate Insurance Co. "I do know that the data is conclusive that there is absolutely a correlation."
Read More