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PIA Opposes Ballot Measure 42
The PIA is part of a coalition opposed to
Oregon's Ballot Measure 42 - the credit scoring issue.
The PIA Oregon/Idaho board of directors has chosen
to oppose Oregon's Ballot Measure 42. The reasons
are many. Here are a few of them:
- When it comes to credit scoring, insurance and consumers, Oregon already has the most restrictive consumer protection laws in the nation. Companies cannot use credit scoring to raise rates or drop existing customers. Credit information can only be used when a consumer first applies for insurance.
- 70% of Oregon's consumers benefit by the lower rates effected from these strict laws and insurance companies being able to use credit scores to calculate rates.
- Businesses are impacted, they will likely see higher insurance costs and historically those costs are passed on to consumers.
- Oregon could become the only state in the union prohibiting insurance companies from evaluating the financial management practices of a business when determining rates for commercial property, premises liability, products liability, professional liability, automobile, workers compensation, inland marine, ocean marine and umbrella insurance.
The bottom-line: passing Measure 42 will force responsible businesses to subsidize less responsible, marginal businesses. For personal insurance, individual Oregonians with good credit history will subsidize those with poor credit.
These links are to documents you can print out to give to your clients, friends, neighbors and others about this ill-conceived measure:
Why you should care
Key Messages
Payroll, bill or correspondence stuffer
A letter to your clients
Frequently asked questions
Want to help even more? Click here to access the official No on Oregon Measure 42 website.
Other groups making their views known to Oregon voters are:
- National Federation of Independent Businesses
- Oregonians for Food and Shelter
- Oregon Small Business Coalition
- Associated General Contractors
- Oregon Restaurant Association
- Associated Oregon Loggers
- Oregon Metals Industry Council
- FreedomWorks
- Associated Oregon Industries
- Independent Insurance Agents and Brokers
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