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American Property Casualty Insurance Association: Agents Join Insurers in Action to Stop Washington Regulations That Will Likely Raise Rates

American Property Casualty Insurance Association: Agents Join Insurers in Action to Stop Washington Regulations That Will Likely Raise Rates Targeted News Service (Press Releases) OLYMPIA, Washington, April 9, 2021: Independent Insurance Agents and Brokers of Washington (IIABW) have joined the American Property Casualty Insurance Association (APCIA) in a legal action to protect millions of Washington consumers from regulatory action that will likely raise insurance rates. The organizations, acting on behalf of the insurance agents, brokers, and companies they represent, have filed a lawsuit to stop emergency regulations recently filed by Washington Insurance Commissioner Mike Kreidler, which ban the use of credit-based insurance scores in the rating and underwriting of insurance.

Maggie Seidel Takes Finseca Public Affairs Post: Personnel Moves

What You Need to Know Maggie Seidel, former policy director for South Dakota s governor, is Finseca s new SVP of public affairs and marketing. James Aherne is the new TPA services VP at Transamerica. Minnesota Blue s interim CEO is a former Minnesota Supreme Court chief justice. Finseca has hired Maggie Seidel to be senior vice president of public affairs and marketing. She will help the Washington-based group promote the value of life and annuity agents and other financial professionals. Seidel previously served as a senior advisor and policy director for Krisi Noem, the governor of South Dakota. She joined Noem’s staff in 2019.

Insurance trade group sues Wash regulator over credit score ban

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits Blog Infrastructure Issues: Tools to Dig Deep on Potential Risks Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools 7 Apr, 2021 Author Calvin Trice The American Property Casualty Insurance Association has filed a lawsuit against the Washington state insurance regulator after he issued an administrative ban on insurance companies using credit scores to underwrite policies. The office of Commissioner Mike Kreidler defended the action as a means to protect insurance consumers from a practice it called inherently unfair. Kreidler has repeatedly backed proposals to do away with the use of credit scores as a rating factor when determining the relative risk of current or prospective policyholders and how much insurers should charge for coverage.

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