October 21, 2020 1 min read

New Jersey Insurance Bill Would Prohibit Use of Credit to Increase Insurance Rates During COVID-19 Pandemic

CFA TC

CFA Research and Advocacy Associate, Michael DeLong testified in support of the New Jersey Division of Insurance's proposed regulation to ban the use of consumer credit information to increase insurance rates during the COVID-19 pandemic, and for two years after it ends. This rule will help make insurance affordable and protect consumers from unfair and unjust premium increases due to deteriorations in their credit score resulting from circumstances beyond their control.

Related Articles

CFA TC
July 14, 2026 / Reports
Redlined

The Persistence of Racial Inequality in the Cost of Homeowners Insurance

CFA TC
July 14, 2026 / Press Releases
Black and Hispanic Homeowners Pay Hundreds of Dollars More Annually for Homeowners Insurance

“Racial Premium Gap” Adds Up to $15,000 in Additional Insurance Costs for Black Consumers and $28,500 for Hispanic Consumers Over a 30-Year Mortgage

CFA TC
June 26, 2026 / Testimony & Comments
CFA Letter of Support for AB 2038 to the California Legislature
CFA TC
June 11, 2026 / Blogs
Like a Bad Neighbor: State Farm’s Treatment of California Consumers After The Los Angeles Wildfires