Gov. Roy Cooper issued a state of emergency for North Carolina ahead of a winter storm expected to bring snow to the central and eastern parts of the state.
That was the experience of 76- year-old Ridgefield resident Tom Effinger. The rate increases stem from a March 2021 emergency order from Washington Insurance Commissioner Mike Kreidler prohibiting insurers from using a policyholder's credit score to price auto, renters and homeowners coverage. Kenton Brine, president of Northwest Insurance Council,.
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The American Property Casualty Insurance Association has filed a lawsuit against the Washington state insurance regulator after he issued an administrative ban on insurance companies using credit scores to underwrite policies.
The office of Commissioner Mike Kreidler defended the action as a means to protect insurance consumers from a practice it called inherently unfair. Kreidler has repeatedly backed proposals to do away with the use of credit scores as a rating factor when determining the relative risk of current or prospective policyholders and how much insurers should charge for coverage.