4 ms·
There's an absolutely huge distinction between "try to rewrite history so [thing] doesn't exist anymore" and "law preventing you from taking [thing] into accoun
by astura 8y ago
There's an absolutely huge distinction between "try to rewrite history so [thing] doesn't exist anymore" and "law preventing you from taking [thing] into account when making hiring/renting/whatever decisions."
It's not impossible, insurance companies have no problem with this, the insurance industry is highly regulated about specific things they can/can't consider while underwriting a policy, which varies by jurisdiction. They just don't ask about/look up factors that they aren't allowed to take into consideration while underwriting a policy, but aggressively ask about/look up factors they are allowed to take into consideration.
For example, in Massachusetts insurance companies are forbidden from considering credits score when setting premiums and making underwriting decisions, a practice which is extremely common in the industry where legal (people with high credit scores have less insurance claims). That doesn't mean Massachusetts is trying to rewrite history so that your poor credit doesn't exist, it still exists, and others are allowed to use it for other reasons (such as underwriting loans).
Saying "we forbid you to take into consideration conviction history when hiring" isn't anywhere near "forced amnesia."
- pnw_hazor 8y agoHow about lower premiums as a reward for having good credit or a crime free history?
- sib 8y agoUnfortunately, if "people with high credit scores have less insurance claims," then preventing insurance companies from taking this into account is a deadweight loss to society. People who are more likely to have more insurance claims should pay more for insurance (that's the whole point of underwriting), otherwise people who are less likely to have claims are being unfairly overcharged.
- mschuster91 8y agoNow if you take a look at how many people got hits to their credit score thanks to the recent government shutdown or due to massive medical bills or due to identity theft/other fraud, things look differently. Credit scores deserve to rot in hell forever. Humanity has managed to exist for thousands of years without this degradation of human worth to arbitrary totally intransparent numbers.
- astura 8y agoI was making no moral judgements on insurance underwriting laws.