A bill prohibiting specific uses of funds from the Maryland Automobile Insurance Fund may not have been acted upon this year, but the anger by state legislators is likely to result in the matter being revisited in the next General Assembly session.

Comparing Maryland’s auto insurer of last resort to big Wall Street banks who used federal bailout money for bonuses and other extravagances, a state Senate panel grilled the state agency over how it uses its funding provided by policyholders.

The Property Casualty Insurers Association of America is speaking out in favor of credit-based insurance scores as Maryland legislators have rejected a move to exclude the practice for auto insurers.

Senate …  Read →