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 […]
California to Require Auto Insurers to Continue COVID-19 Premium Refunds
Consumer groups urge other states to take action. California Insurance Commissioner Ricardo Lara announced that the California Department of Insurance requires auto insurers to continue their COVID-19 related premium refunds to policyholders from April and May, previously directed by the Commissioner, through June and to continue providing relief for any period after June as conditions […]
Consumer Groups Applaud Allstate And American Family Shelter-In-Place Auto Insurance Refunds
Groups urge other auto insurers to do the same. The Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ) applauded insurers Allstate and American Family Insurance for promising premium relief to policyholders totaling $800 million. This reflects a sharp drop in auto insurance claims resulting from far fewer miles driven as millions […]
Groups Say State Insurance Regulators Fail Consumers on Auto Insurance Affordability Research
Consumer groups want Federal Insurance Office to step in saying National Association of Insurance Commissioners report biased towards insurance industry. Insurance industry association calls consumer groups’ comments unfortunate. Consumer groups have called on state insurance regulators to reject a proposed report on auto insurance affordability that the groups said is biased toward industry and fundamentally […]