Washington’s Credit Scoring Ban: On Hold — Again

 

The Professional Independent Agents of Washington (PIA), the American Property Casualty Insurance Association (APCIA), the Independent Insurance Agents and Brokers of Washington (IIABW) and the National Association of Mutual Insurance Companies (NAMIC) have successfully stopped Washington Commissioner Mike Kreidler’s second decision to ban credit scoring in Washington State.

It was set to go into effect March 4th.

The NAMIC suit was filed separately from that of the PIA, the APCIA and the IIABW. At the request of the four groups, Judge Mary Ann Wilson — who late last year told Kreidler he did not have the authority to ban credit scoring in Washington — consolidated the suits and sent them to Judge Indu Thomas.

On February 25th Judge Thomas got the commissioner and the PIA and the other groups to agree to a temporary stay until another hearing can be held in May.

Claire Howard is the APCIA senior vice president, general counsel, and corporate secretary. She was elected to speak on behalf of the PIA, NAMIC, the IIABW and for her own association.

Commissioner Mike Kreidlers permanent rule is raising rates for over a million Washington consumers,” Howard said in a statement. We are pleased the court consolidated the legal challenges, transferred the separately filed petitions to a single court, and approved an immediate stay on the permanent rule. We look forward to explaining our legal arguments against this onerous and unnecessary rule that is ignoring risk-based pricing and raising premiums for lower risk Washington consumers.”

Source link: The Seattle Times — https://bit.ly/3IVKcZu

Source link: Insurance Journal — https://bit.ly/3KqSj0n

About PIA Western Alliance

The Professional Insurance Agents Western Alliance is a membership organization promoting and enhancing the success of independent agencies seeking to grow, learn and be heard within the industry.


PIA WESTERN ALLIANCE VALUES OUR STERLING PARTNERS

More Industry News