An insurance industry lobbyist argued to Wisconsin legislators today that use of credit scores in determining insurance rates means customers who are good risks do not subsidize those who are bad risks.
David Snyder, a vice president and assistant general counsel of the American Insurance Association, made his comments before the Assembly Committee on Insurance during an informational hearing on the use of credit scoring.
At present there are two credit scoring bills in the Legislature, one in the Assembly and one in the Senate, but neither was the subject of the hearing.
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