Credit Scoring News

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, …

Washington Bill to Ban Insurers from Using Credit Scores Heads to Senate

Editor’s note: This article has been updated to remove life insurance from the list of lines of insurance that the bill covered. That language was removed from earlier versions of the bill, and no longer applies. Washington Insurance Commissioner Mike …

Credit Scoring Battle Brewing Between Washington Commissioner and Insurer Groups

Insurer groups are taking issue with push by Washington Insurance Commissioner Mike Kreidler to prohibit insurers from including information from consumer credit histories in the insurance scores used to calculate premiums for auto, homeowners, renters and life insurance policies. Kreidler …

Washington Commissioner Tells Insurers It’s Time to Ban Credit Scoring

Washington Insurance Commissioner Mike Kreidler reached out to insurance company CEOs in a letter and urged them to stand behind their recent pledges to end discrimination and racial inequities by supporting his proposal to ban the unfair practice of using …