The Wisconsin Senate dismayed insurance interests yesterday by passing a bill that would ban the use of customer credit records to set an individual's auto or home insurance rates. The bill now goes to the state Assembly.
Insurance groups said they would continue to battle the measure. The 17-to-15 vote for approval in the Senate was primarily on party lines, with 16 Democrats and one Republican voting for the measure, and 14 Republicans and one Democrats voting against.
In the Assembly, Republicans hold a majority. Greg LaCost, assistant vice president and regional manager for Property Casualty Insurers Association of America, noted the narrow margin for the bill's passage in the Senate and said, “we are confident that the House will reject the notion of raising rates for the majority of consumers.”
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