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You are here: Home / News / Insurance Associations Say President Biden’s Comments on Race-Based Auto Insurance Pricing False

Insurance Associations Say President Biden’s Comments on Race-Based Auto Insurance Pricing False

January 24, 2023 By CollisionWeek Editor

The American Property Casualty Insurance Association (APCIA) and the National Association of Mutual Insurance Companies (NAMIC) released statements calling remarks January 16 by President Biden at the National Action Network’s Annual Martin Luther King Day Breakfast that auto insurers base premiums on race as false.

According to the published remarks posted on the White House website, after commenting about his Administration’s efforts to combat racial discrimination in housing, President Biden continued, “And, by the way, if you live in one of those neighborhoods and you have the same exact car I have in the other neighborhood, you pay more for

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Filed Under: News Tagged With: American Property Casualty Insurance Association, Auto Insurance, Consumer Federation of America, National Association of Mutual Insurance Companies

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