CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Consumer Groups Say Auto Insurers Reap Tens of Billions in COVID Windfall Profits

Consumer Groups Say Auto Insurers Reap Tens of Billions in COVID Windfall Profits

September 22, 2020 By CollisionWeek Editor

Groups accuse State Insurance Commissioners of being asleep at the wheel as insurers profit from reduced driving. Demand ongoing premium rebates.

The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) took state Insurance Commissioners to task for failing to prevent what it calls “windfall auto insurer profits”as auto claims dropped when driving and auto crashes declined. In a letter, the groups labeled the excuses of some regulators for failing to protect consumers as “pathetic.”

 “The facts make clear that the inaction by most state Insurance Commissioners to assure refunds are adequate has lined the auto

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Accident Frequency, Center for Economic Justice, Consumer Federation of America, Coronavirus

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Annual Conference Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Classic Collision Collision Industry Electronic Commerce Association Collision Repair Education Foundation Coronavirus Crash Champions Donations Earnings Electric Vehicles Florida I-CAR Lawsuits legislation LKQ Corporation National Auto Body Council Network Affiliations New Jersey New Vehicle Sales Non-OEM Parts Openings People PPG Industries Regulations Right to Repair Scholarships Texas United Kingdom Workforce Development

Recent Articles

  • Labor Department Reduces OSHA Penalties for Small Businesses July 15, 2025
  • CCC Appoints Tech Leader Barak Eilam to Board of Directors July 15, 2025
  • Collision Industry Foundation Opens Applications for Board Positions July 15, 2025
  • Auto Care Association Opens Registration for September 17-19 Legislative Summit July 15, 2025
  • Hunter Engineering Offers 0% Financing for Equipment Purchases July 15, 2025
  • ASE Education Foundation Congratulates SkillsUSA Medalists from Accredited Schools July 14, 2025
  • MEMA Aftermarket Suppliers Hires Search Firm for President July 14, 2025

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2025 - QuanDec Corporation - All Rights Reserved · Log in