Iowa to Hold Final Public Hearing on Use of Credit in Insurance

The Insurance Consumer Advocate for the Iowa Insurance Division, Angel Robinson, will hold her final public hearing on Sept.16 on the use of credit scores in pricing and underwriting of insurance in Iowa.

The testimonies provided at the public hearing will be used and reviewed as part of Robinson’s study on the same topic.

The hearings will supplement an academic study being conducted for the Division by St. Ambrose University of Davenport on the topic, as well as a comprehensive review and report being conducted personally by Robinson for the Iowa Insurance Commissioner, Susan Voss.

The study is analyzing fairness and ethics, as well as an Iowa‐specific consumer survey. The results of the study will be delivered to Robinson by the end of this year.

While the academic study will provide carefully researched and Iowa‐specific facts useful for Robinson, she remains eager to receive the direct input of Iowans from their personal perspectives.

“As this is an issue that directly affects consumers, it’s key to actually hear from consumers to find their opinions on the matter,” said Robinson. “I want all consumers to have an opportunity to share their opinions and be heard at the public hearings. It is important that consumers on both sides of the issue know that they are welcome to state their position and that their voice will be considered in the report to the Commissioner.”

The meeting will be held in Room 103 of the State Capitol in Des Moines from 4:30 to 6:30 P.M.

Source: Iowa Division of Insurance