Credit Scoring News

Insurers: Washington Commissioner’s ‘Rushed’ Regulatory Process Will Hurt Policyholders

The American Property Casualty Insurance Association submitted comments in opposition to stakeholder draft regulations which will make Washington Commissioner Mike Kreidler’s emergency regulations banning the use of credit-based insurance scores permanent for three years. APCIA is again calling on the …

First U.S. Artificial Intelligence Czar Seeks ‘Responsible Use’ of AI Tools

Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship. Her job now is getting the U.S. …

50-Plus Insurers Met Deadline to Comply With Washington’s Credit Rule

Washington Insurance Commissioner Mike Kreidler announced today that more than 50 insurance companies met the May 6 deadline to file rating plans that comply with his emergency rule to temporarily prohibit the use of consumers’ credit scores. A temporary ban …

Insurers Don’t Like New New Credit Scoring Ban in Washington, But Say They’ll Follow the Law

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 …

Washington Commissioner: Deadline for Insurers to Comply Credit Scoring Rule is May 6

Washington Insurance Commissioner Mike Kreidler is reminding insurance companies of the 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 …

Insurers Warn Washington Court Ruling Will Raise Rates for a Million Consumers

Insurer groups expressed disappointment over a judge’s ruling denying an industry request to halt an emergency rule that temporarily bans the use of insurance credit scoring in Washington. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents …

Judged Rules for Washington Insurance Commissioner on Credit Scoring Ban

A Thurston County Superior Court judge on Friday denied an insurance industry request to halt an emergency rule that temporarily bans the use of insurance credit scoring in Washington. The ruling that rejected a request for a preliminary injunction maintains …

Suit Pitting Insurers Against Washington Commissioner Getting Heard

A case pitting several insurer groups against Washington Insurance Commissioner Mike Kreidler is set to be heard on Friday morning. The Independent Insurance Agents and Brokers of Washington, the Professional Insurance Agents of Washington and the American Property Casualty Insurance …

Insurer Group Sues to Stop Washington Insurance Commissioner’s Credit Scoring Ban

The American Property Casualty Insurance Association is suing to halt emergency regulations recently filed by Washington Insurance Commissioner Mike Kreidler to ban the use of credit-based insurance scores in the rating and underwriting of insurance. A petition for declaratory and …

Washington Insurance Commissioner’s Move to Ban Credit Scoring Getting Mixed Reviews

An order to ban insurers to use credit scores from Washington Insurance Commissioner Mike Kreidler is getting praise as well as drawing fire. Kreidler recently issued an emergency order prohibiting insurers from using a consumer’s credit score to price auto, …