Insurance
The Washington State Credit Scoring Ban and What it Means for You
On June 20, 2021, some big changes are hitting insurance carriers and their members in Washington state. These changes are due to an emergency order that was passed in March by the state’s Insurance Commissioner, Mike Kreidler. The order prohibits insurance carriers from using a person’s credit information when determining their policy, rates, and underwriting. Rates for some will increase considerably, while others may see a slight reduction.
June 7, 2021
