Colorado Proposal Takes Aim at Discrimination in Insurance Markets

The Consumer Federation of America (CFA), Center for Economic Justice (CEJ), and Consumer Reports (CR) urge Colorado lawmakers to enact proposed legislation, SB 21–169 (Sen. Buckner), that would prevent insurance companies from using data and algorithms that result in unfair discrimination against consumers based on their race, gender, or other protected classes. The proposal addresses the impact of systemic racism on the insurance market and will expand both access to coverage and make all aspects of insurance transactions fairer.