OLYMPIA, Wash. – Citing the devastating economic impact of the coronavirus pandemic and the need to end racial discrimination in our institutions, Insurance Commissioner Mike Kreidler is calling on the insurance industry to end its unfair and discriminatory practice of using credit scoring in auto, property, renters and life insurance.
“The use of credit scores in insurance is discriminatory and unjustly targets people of color, those with lower incomes and individuals and businesses struggling during the coronavirus pandemic,” said Kreidler. “The insurance industry claims that…