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June 17, 2021 35 min
On the surface, the description of Colorado Senate Bill 169 seems harmless enough: "Concerning protecting consumers from unfair discrimination in insurance practices." But according to Rep. Rep Dan Woog (R-63), the devil is in the details. The amended statute would prohibit insurance companies from using demographic factors like education, occupation, credit, or gender when determining rates. The consequence? Significant insurance rate hikes for good, safe drivers and many types of professionals. Plus, Rep. Moog contends there are already laws on the books that protect against unfair discrimination in insurance rates against individuals.
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