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 […]
Consumer Federation Says Top 4 U.S. Auto Insurance Executives Received $196.8 Million in 2020-2021 Compensation
Group says insurance departments should collect executive compensation data and prevent companies from including executive bonuses and other “Excess Compensation” in insurance rates. As U.S. drivers face a raft of auto insurance premium hikes from several of the nation’s largest insurers, company CEOs have been collecting what the Consumer Federation of America (CFA) says are […]
Susan Weinstock Taking over Leadership of Consumer Federation of America from Jack Gillis
Jack Gillis stepping down after 4 years as leader and 39 years with group. The Consumer Federation of America (CFA) Board Chair Marceline White of Maryland Consumer Rights Coalition announced the appointment of Susan Weinstock as the new President and CEO of the Consumer Federation of America. “After an exhaustive nationwide search process which considered […]
Consumer Federation Calls on State Insurance Departments to Investigate Racial Bias in Claims Handling and Antifraud Efforts After New York Times Story
The Consumer Federation of America and Center for Economic Justice urged state insurance commissioners to investigate racial bias in insurance claims handling and anti-fraud efforts, after a New York Times article revealed allegations of discrimination against Black policyholders at State Farm, the nation’s largest insurer. In a letter to the nation’s commissioners, the groups asked […]
Bob Hunter to Retire After 27 Years as Consumer Federation of America’s Director of Insurance
The Consumer Federation of America (CFA) announced February 1 that J. Robert “Bob” Hunter, the organization’s Director of Insurance since 1995, will be retiring from CFA effective immediately. He will continue to serve in an advisory role as CFA’s Insurance Director Emeritus. Prior to joining CFA, Bob created and ran the National Insurance Consumer Organization […]
Consumer Federation Warns Vehicle Shortage Wreaking Havoc with Car Buyer’s Pocketbooks
As Americans begin to see the light at the end of the COVID tunnel, record numbers of buyers are venturing back into auto showrooms. “The problem,” says Jack Gillis, CFA’s Executive Director and author of The Car Book, “is that vehicle inventories are way down which means it’s a sellers’ market. Limited supply is a […]
Crash Data in Four States Show 23% Fewer Accidents in September and October
Consumer groups reiterate call for state insurance commissioners to require auto insurance refunds in response to “staggering drop in accidents” due to pandemic. Auto crashes remain low according to new accident data published by the Consumer Federation of America (CFA) and the Center for Economic Justice (CEJ). The groups said that ongoing reduction in pandemic-driven crashes […]
Consumer Groups Say Auto Insurers Reap Tens of Billions in COVID Windfall Profits
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 […]
Consumer Groups Call on Texas Governor to Appoint Insurance Commissioner Who Will Protect Consumers
In a letter, Texas consumer organizations Texas Watch and TexPIRG and the national consumer organization Consumer Federation of America urged Governor Greg Abbott to appoint a new Texas Insurance Commissioner with a strong track record of helping consumers and taking action against abusive insurance companies. “As the Texas Department of Insurance’s chief executive and administrative […]
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 […]