Date: September 9, 2009
For more information contact: Jim Guidry, (608) 264-6239 or firstname.lastname@example.org
Hearing on Insurer Use of Credit Information
Madison, WIWisconsin Insurance Commissioner Sean Dilweg will be holding a hearing on the use of consumer credit information in personal lines insurance policies. The public hearing with invited testimony will take place beginning at 10:00 a.m. at the Wisconsin State Capitol on September 14, 2009, in Room 412 East.
"The formal hearing to examine this issue was requested by legislators," said Dilweg. "It is my hope that the hearing will result in a comprehensive and well balanced discussion on the issues surrounding the use of consumer credit history."
Responding to a request from Senator Lena Taylor and Representatives David Cullen and Terese Berceau, the Commissioner has invited consumers, insurers, insurance agents and credit reporting agencies to testify on consumer credit information and the current practices.
Commissioner Dilweg will assess the information that is presented at the hearing to determine if further regulatory guidance from OCI is needed to enhance consumer protection in Wisconsin.
Created by the Legislature in 1871, Wisconsin's Office of the Commissioner of Insurance (OCI) was vested with broad powers to ensure that the insurance industry responsibly and adequately met the insurance needs of Wisconsin citizens. Today, OCI's mission is to lead the way in informing and protecting the public and responding to its insurance needs.