Mullet: Court ruling reaffirms use of credit scores in insurance rates

Sen. Mark Mullet (D-Issaquah), chair of the Senate Business, Financial Services & Trade Committee, released the following statement today after Thurston County Superior Court Judge Indu Thomas invalidated a ban imposed by the state insurance commissioner on the use of credit scores in setting insurance rates: “Anyone whose insurance premiums went up due to the insurance commissioner’s unilateral actions should be reassured that those actions have been ruled invalid by the court. This ruling affirms my objections that their insurance premiums were being raised unfairly and inappropriately. “In other words, folks who had low insurance rates based on strong credit histories should be able to keep the low rates they had earned and which they deserved. “I still hope to provide relief to ...

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