OLYMPIA, Wash. – As the elected insurance commissioner for Washington state for two decades, Mike Kreidler has continued to call out the unfairness of insurers’ use of credit scoring and has requested a ban twice, first in 2001 and later in 2010 during the economic recession.
Now, as consumers struggle with the economic fallout of the coronavirus pandemic, he believes banning credit scoring for insurance is critical.
His proposal, Senate Bill 5010, is joint request legislation with Gov. Jay Inslee and will be heard at 8 a.m. on Jan. 14 before the Senate Business…