Bill: Insurers could use credit scores in renewals

Published



JUNEAU, Alaska (AP) — Insurers would be able to consider someone’s credit score when renewing personal insurance policies under a bill in the Alaska Senate.

SB55, from the Senate Labor and Commerce Committee, was heard for the first time Tuesday. Currently, insurers can consider credit history when initially issuing a policy for things like car, renter’s or homeowner’s insurance. According to the sponsor statement, if consumers want their credit history used as part of a renewal today, they must request that.

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