After a year of fighting the insurance industry and the legislature, Washington’s Insurance Commissioner continues his all-in assault on getting credit scoring out of insurance.
Last legislative session, the bill he sponsored died.
“Which is very unfair, considering it doesn’t have anything to do with the risk involved of how well you drive a car, or how you maintain your home,” says Kreidler.“They were able to write insurance and offer competitive rates before credit scoring. They’ll be able to do it afterwards,” says Kreidler.
“This is going to be harmful to consumers and it’s deeply disappointing to the Northwest Insurance Council,” says Council President Kenton Brine.While the emergency rule was in effect, he says more than a million people saw premiums go up - some by hundreds of dollars. But Commissioner Kreidler says this rule is revenue neutral, which means there are also thousands of people getting a break.
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