Several Supreme Court justices seemed taken aback Tuesday at the idea that insurance companies might be required to notify tens of millions of customers they aren't getting the best rates because of their credit reports. In making the argument for notification, lawyers for consumers said two insurance companies -- GEICO and Safeco -- violated the Fair Credit Reporting Act by failing to send customers notices of adverse decisions made because of their credit reports.
January 17, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Several Supreme Court justices seemed taken aback Tuesday at the idea that insurance companies might be required to notify tens of millions of customers they aren’t getting the best rates because of their credit reports.
In making the argument for notification, lawyers for consumers said two insurance companies — GEICO and Safeco — violated the Fair Credit Reporting Act by failing to send customers notices of adverse decisions made because of their credit reports.
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