Insurers Don't Like New New Credit Scoring Ban in Washington

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


Insurers Don’t Like New New Credit Scoring Ban in Washington, But Say They’ll Follow the Law
April 28, 2021
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 have until a 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 April 23 allowed Kreidler’s emergency rule to remain in effect by denying an insurance industry request for a preliminary injunction. Judge Mary Sue Wilson found that industry associations challenging the rule were unlikely to succeed with their two main arguments that Kreidler lacked “good cause” and had no authority to issue the rule.

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