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

Copyright 2010 SNL Financial LCAll Rights Reserved SNL Insurance Daily

January 21, 2010 Thursday

LENGTH: 55 words

HEADLINE: Washington state insurance commissioner wants to ban insurers’ use of credit information

BYLINE: Jasir Jawaid

HIGHLIGHT:

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.”

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.

LOAD-DATE: January 27, 2010

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