Sunday, March 1, 2009

Ban urged on insurers' use of credit scores

"Credit scores and credit reports should not be used to set car and home insurance rates, some Florida lawmakers say."

"State Rep. Priscilla Taylor, a West Palm Beach Democrat, said especially now, credit history shouldn't affect the price of Floridians' insurance premiums."

"She and state Sen. Ronda Storms, a Valrico Republican, have filed bills that would forbid insurers from considering credit scores, credit reports, level of education or occupation when setting rates -- unless the job involves using a vehicle."

"The bills are HB 683 and SB 1524."

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