In a move that has that is sure to incur the ire of the insurance industry both the Senate and House are considering bills that would ban the use of credit scores for insurance purposes.

Testifying in the House yesterday Washington State Insurance Commissioner Mike Krider stated “It’s really a question of fairness,” he says insurers should “look at the factors like a person’s driving records or how they maintain their property.”

The insurance industry believes otherwise however applying the credit and insurance score system to both personal and business insurance citing studies that clearly shows credit scoring as an accurate predictive of risk of loss.

The Senate will begin hearings on the subject on January 28^th.