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For quite some time now Commissioner Mike Kriedler has advocated, and even required, insurers to stop using credit scoring when rating and underwriting homeowners, personal auto, and tenant’s policies. In March 2021, he issued an emergency order temporarily prohibiting the use of credit scoring in such a manner, stating that credit scoring negatively affects consumers financially. The order was to take effect June 20, 2021. Insurers protested the order on the premise that the commissioner exceeded his authority and that the move affected the ability of insurers to continue to competitively provide coverage. In April, the American Property Casualty Insurance Association (APCIA) filed for injunctive relief, which was later denied.

One of the requirements of the emergency filing was for insurers to submit amended rate filings by May 6, 2021. The department committed to reviewing those rate filings within four days of submission.

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Christine G. Barlow, CPCU

Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and ALM. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.  

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