House Financial Services Committee (9)

Topics and Issues

Credit-based Insurance Scores (CBIS) (17)

On March 4, 2020, the Subcommittee on Housing, Community Development, and Insurance of the U.S. House Financial Services Committee held a hearing, Drivers of Discrimination: An Examination of Unfair Premiums, Practices, and Policies in the Auto Insurance Industry.  This hearing discussed, among other things, H.R. 1756, the “Preventing Credit Score Discrimination in Auto Insurance Act”, and H.R.____, the “FAIR Study Act.”  The subcommittee heard from Douglas Heller, Insurance Expert, Consumer Federation of America; Elizabeth Kelleher Dwyer, Superintendent of Insurance, the State of Rhode Island, on behalf of the National Association of Insurance Commissioners; Eric Poe, CPA and Chief Operating Office, CURE Auto Insurance; Sonja Larkin-Thorne, Consumer Advocate (retired); and Erin Collins, Vice President- State Affairs, National Association of Mutual Insurance Companies.  In advance of the hearing, the majority staff prepared a hearing memo.  Also available from the hearing are materials at the House documents page.