OLYMPIA Washington drivers who cannot afford to pay fines imposed for speeding and other moving violations can no longer have their licenses suspended following a Thurston County Superior Court ruling.
Insurers Don’t Like New New Credit Scoring Ban in Washington, But Say They’ll Follow the Law April 28, 2021
The American Property Casualty Insurance Association said it insurers will following the law where it concerns Washington Insurance Commissioner Mike Kreidler’s emergency regulation banning the use of credit-based insurance scores.
Kreidler issued a reminder earlier this week that insurance companies have until a May 6 deadline to file rating plans that comply with his emergency rule to temporarily prohibit the use of consumers’ credit scores.
A Thurston County Superior Court judge on April 23 allowed Kreidler’s emergency rule to remain in effect by denying an insurance industry request for a preliminary injunction. Judge Mary Sue Wilson found that industry associations challenging the rule were unlikely to succeed with their two main arguments that Kreidler lacked “good cause” and had no authority to issue the rule.
Kreidler Urging Other Insurance Commissioners to Ban Use of Credit Scores April 28, 2021
Now that Washington Insurance Commissioner Mike Kreidler’s credit scoring ban has passed a key legal hurdle, he’s urging his colleagues in other states to consider similar actions.
A Thurston County Superior Court judge on April 23 allowed Kreidler’s emergency rule to halt the use of credit scores in determining insurance rates to remain in effect by denying an insurance industry request for a preliminary injunction. Judge Mary Sue Wilson found that industry associations challenging the rule were unlikely to succeed with their two main arguments that Kreidler lacked “good cause” and had no authority to issue the rule. The decision denied an industry request for a preliminary injunction.
Washington Commissioner: Deadline for Insurers to Comply Credit Scoring Rule is May 6 insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.