Washington Insurance Commissioner Mike Kreidler News

Washington, California Urge Insurers to Adopt TCFD Climate Reporting Guidelines

Washington Insurance Commissioner Mike Kreidler and California Insurance Commissioner Ricardo Lara are askikng all insurers that are currently required to report to them annually on climate change to start reporting their climate risks in alignment with the Task Force on …

Washington Commissioner’s Captive Insurer Bill Signed into Law

A bill to provide a framework to captive insurers doing business in Washington became law after Gov. Jay Inslee signed the legislation on Wednesday. Second Substitute SB 5315, which was requested by Insurance Commissioner Mike Kreidler and sponsored by Sen. …

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 …

Kreidler Urging Other Insurance Commissioners to Ban Use of Credit Scores

Now that Washington Insurance Commissioner Mike Kreidler’s credit scoring ban has passed a key legal hurdle, he’s urging his colleagues in other states to consider similar actions. A Thurston County Superior Court judge on April 23 allowed Kreidler’s emergency rule …

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 …

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 Commissioner Asking Insurers to Craft Consent Policies with Tribes

Washington Insurance Commissioner Mike Kreidler is urging the insurance industry in his state to work with Native Americans on adopting policies of consent on environmental projects that affect Tribal nations. According to Kreidler, policies that he’s endorsing would help strengthen …

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, …