Delaware legislation to ban insurers' use of consumers credit history to rate them for home and auto coverage was approved by a State Senate committee yesterday.
The action came despite insurers' arguments that use of credit scores is a proven tool for underwriters and that Delaware already has laws that ensure the process does not harm the public
“We're going to continue working on this to persuade the members [of the legislature] that this is not an approach that is beneficial to the consumer,” promised Jeffrey Brewer, a spokesperson for the Property Casualty Insurers Association of America (PCI)
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