Washington state insurance commissioner bans ‘discriminatory’ credit scoring
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free trial
  • Log in

Washington state insurance commissioner bans ‘discriminatory’ credit scoring

Bernard Goyder
March 23, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Seattle Washington skyline image getty.jpg

Washington state has banned the use of customer credit scores to underwrite auto, renters and homeowners insurance, in a move that aims to combat “discriminatory pricing,” officials said today.

The move is being introduced following restrictions on credit score reporting by financial services companies contained within the 2020 federal Covid-19 relief law, the Cares Act.

The

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Personal lines Regulation
BG
Bernard Goyder
Gift this article