Politics Did McGavick push discrimination at Safeco?
An article in today’s Seattle Times details the Washington Democrat’s attempt to obtain the release of information gathered in 2003 by the Insurance Commissioner’s office, which Dems hope will reveal that Safeco is the unnamed company in that report which used discriminatory credit scoring policies to cancel some peoples’ auto insurance.
Cantwell-challenger Mike McGavick was CEO of Safeco from 2001-2005 and pushed for credit scoring. However, many say the practice discriminates against so-called high-risk groups like divorced moms, minorities, and poor people by charging them higher rates or, in the case of the “unnamed company,” slashing their coverage altogether.
The Washington State legislature banned insurers from using credit scoring to cancel insurance policies in 2002, a year after Safeco stopped using the practice to cancel policies.
Today our esteemed news editor Josh Feit is down in Olympia, waiting through the hearing to see if the information will be released. We’ll update about this as soon as more news breaks.