A Wisconsin bill to ban insurers' use of credit ratings to evaluate and set customer policy rates is gaining impetus, according to an aide to the measure's sponsor.

Although the bill ran out of time when it was introduced last year, it seems to be catching bipartisan momentum within the Assembly as the term draws to a close, said Tom Powell, aide for State Rep. Terese Berceau, D-Madison.

The legislation prohibits an insurer from issuing, renewing or planning ratings for property and motor vehicle insurance based on an individual's credit rating.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.