Concerns regulators bowing to industry on data collection through third party.
Consumer groups are calling on the National Association of Insurance Commissioners (NAIC) to disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group following a decision over the weekend by the group to accept an industry plan covering data collection of rates and statistics needed by regulators.
According to the consumer groups, on Sunday, the Auto Study Group abandoned a regulator proposal to collect data directly from insurance companies that would allow state regulators to assess auto insurance rating practices and affordability in their
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