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Congratulations to Oregon voters

By a decisive 35-65 margin they rejected Ballot Measure 42, "which would have prevented insurance companies from using credit scores in setting premiums". If credit scores are in fact of no use in predicting claims experience, we can be confident that insurers will not go on doing it, especially as it requires shelling out good money to credit bureaus. If, on the other hand, it is helpful in predicting claims experience, then the system will more fairly be placing the cost of insurance on the riskier customers (via the Public Citizen consumer law blog, which predictably takes a different view). The Portland Oregonian, which seems to have quite a knack for wrongness in its editorials, unsuccessfully urged a yes vote.



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.