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Group sues to stop Washington ban on using credit scores for insurance rates


Group sues to stop Washington ban on using credit scores for insurance rates
April 7, 2021 at 3:58 pm
A group is hoping to stop a statewide ban on using credit cards to determine insurance rates. (Pexels)
An insurance industry group is suing to stop a statewide ban on using consumer credit scores to help determine auto, home, and renter insurance rates.
State Insurance Commissioner Mike Kreidler recently passed an emergency order prohibiting the practice, which he says unfairly boosts rates for minorities and the poor.
The American Property Casualty Insurance Association filed a lawsuit, Wednesday, in Thurston County Superior Court that seeks to keep the order from taking effect on new and renewed policies on June 20, 2021. ....

United States , Claire Howard , Mike Kreidler , Doug Heller , Consumer Federation Of America , Thurston County Superior Court , American Property Casualty Insurance Association , Insurance Commissioner Mike Kreidler , Vice President Claire Howard , Consumer Federation , ஒன்றுபட்டது மாநிலங்களில் , கிளாரி ஹோவர்ட் , டக் ஹெல்லர் , நுகர்வோர் கூட்டமைப்பு ஆஃப் அமெரிக்கா , தர்ஸ்டன் கவுண்டி உயர்ந்தது நீதிமன்றம் , அமெரிக்கன் ப்ராபர்டீ விபத்து காப்பீடு சங்கம் , துணை ப்ரெஸிடெஂட் கிளாரி ஹோவர்ட் , நுகர்வோர் கூட்டமைப்பு ,

WA Insurance Commissioner Calls for the Death of His Own Bill After Senate Democrats Gut It


by Rich Smith

Feb 22, 2021 at 3:45 pm
Former bank executive Sen. Mark Mullet chairs the committee that watered down the bill. COURTESY OF WASHINGTON STATE LEGISLATURE
In a press release last week Washington Insurance Commissioner Mike Kreidler disavowed a credit scoring bill his own office requested from the Legislature, claiming the Senate s Business committee, chaired by Democratic state Sen. Mark Mullet, worked with insurance company lobbyists to water down the legislation s language in order to protect insurers, not consumers.
Kreidler s legislation, Senate Bill 5010, would have stopped insurance companies from using credit scores to set premiums for certain kinds of products, including home and auto insurance. ....

Rainier Valley , United States , Mona Das , Steve Hobbs , Mike Kreidler , Bob Hasagawa , David Frockt , Doug Heller , Mark Mullet , Senate Democrats , Consumer Federation Of America , Senate Business , Washington Insurance Commissioner Mike Kreidler , Senate Bill , Consumer Federation , Washington Insurance Commissioner , Insurance Policy , மழை பள்ளத்தாக்கு , ஒன்றுபட்டது மாநிலங்களில் , மோனா தாஸ் , ஸ்டீவ் ஹாப்ஸ் , டக் ஹெல்லர் , குறி மலெட் , செனட் ஜனநாயகவாதிகள் , நுகர்வோர் கூட்டமைப்பு ஆஃப் அமெரிக்கா , செனட் வணிக ,