We Do Not Use Credit Scores

In response to recent media attention surrounding the use of credit scoring in insurance practices, we want to make it clear that:

The Dominion does not use credit scores to calculate premiums. We never have - not for rating or qualification of either personal home or automobile policies.

To read more about this subject, please visit the links below.

CBC News - The New Brunswick government looks at banning the use of credit scores by insurers:

http://www.cbc.ca/canada/new-brunswick/story/2010/03/31/nb-insurance-premiums-credit-scores.html

Canadian Underwriter - Insurance Brokers Association of Ontario CEO Randy Carroll comments on the practice:

http://www.canadianunderwriter.ca/issues/story.aspx?aid=1000356688&type=Print%20Archives

Canadian Council of Insurance Regulators - The Council surveys 35 Ontario property insurers on their practices with regards to credit scoring:

http://www.ccir-ccrra.org/en/init/Credit_scor/CBIS_Report_2009_CCIR_EN.pdf