OLYMPIA, Wash. – Insurance Commissioner Mike Kreidler sent another letter today to insurers providing them with additional time to respond to his request for specific information about consumers’ premiums after they removed credit as a rating factor for auto, homeowners and renters insurance.
Twelve companies representing 5.2% of the auto insurance market responded to his initial request for specific data on how removing credit impacted their policyholders. “I’m extremely disappointed that the majority of insurance companies are not being transparent with me or the people of…