The studies that have entered the public domain have been largely inconclusive or suffer from serious methodological deficiencies. A study funded by the American Insurance Association (AIA), an industry trade association, found no correlation between income and credit scores (AIA, 1998). However, the AIA study appears to suffer from methodological flaws so serious that no conclusions are warranted. 8 The Virginia Bureau of Insurance sponsored a study based on ZIP Code aggregates. Unfortunately, the numeric results of the analysis were never publicly released. Rather, the.
