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Monday, March 15, 2010

Washington State Insurance Commissioner Wants To Ban Insurers' Use Of Credit Information

This would be interesting? Don't think they'll get it passed though, pretty much any state that's been hesitant about scoring has fallen into the use of credit scoring eventually.

Washington state Insurance Commissioner Mike Kreidler is seeking a ban on the insurance industry's practice of credit scoring, saying the sector's reliance on credit information is "startling." According to a Jan. 19 news release, Kreidler said the practice is "discriminatory and blatantly unfair" in light of the current economy.

For more information on this article http://www.insurance.wa.gov/consumers/credit/index.shtml

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