Why Do Insurers Use Credit History as a Factor in Rating

Why do insurers use credit history as a factor in rating auto and homeowner's insurance?

A) People with bad credit are likely to make fraudulent claims on their insurance.
B) People with bad credit are less likely to pay their insurance premiums.
C) There is a statistical correlation between high credit scores and a person being financially responsible and having fewer claims.
D) People with good credit histories are likely to live in less risky areas.