State insurance regulators should direct insurance companies to offer customers premium offset payments to reflect the immediate reduction in expected insurance claims as a result of COVID-19 restrictions keeping drivers off the road, the Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) wrote in a letter to Commissioners on March 18. The groups are also urging consumers and businesses whose driving has dropped to contact their insurers and ask for relief. A copy of the letter is available here.
Robert Hunter, Director of Insurance for CFA, said, “The likelihood of a motor vehicle accident drops radically
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