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 […]
Consumer Groups Call on Regulators to Direct Auto Insurers to Offer Premium Relief Due to Lower Claims Costs Following COVID-19 Restrictions
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. […]
NHTSA Will Propose Upgrades to Vehicle Crash Test and Rating Program Next Year
The U.S. Department of Transportation’s National Highway Traffic Safety Administration announced its plan to propose updates and upgrades to the New Car Assessment Program in 2020. “NCAP is celebrating its 40-year anniversary, and we’re proud that it continues to encourage automakers to invest in safety,” said NHTSA Acting Administrator James Owens. “NHTSA’s Government 5-Star Safety […]
Consumer Federation Report Finds Auto Insurance Rate Growth Slowest in States with Active Regulations
According to the study, California drivers have saved $154 Billion over 30 years of active insurance oversight. Auto insurance rates have risen at a significantly slower pace in states that actively regulate auto insurance prices than those with less vigorous oversight processes, according to an analysis of nearly 30 years of data released today by […]
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 […]
Jack Gillis Named Executive Director of the Consumer Federation of America
Gillis, CFA’s long-time director of public affairs, succeeds Steve Brobeck who retired after 38 years with organization. In June, Stephen Brobeck will retire as Executive Director of the Consumer Federation of America after 38 years of service. Having served on the CFA Board from 1976 to 1979, he was appointed Executive Director in the spring […]
Consumer Groups Call on NAIC to Disband Auto Insurance Working Group
Concerns regulators bowing to industry on data collection through third party. Consumer groups are calling on the National Association of Insurance Commissioners (NAIC) to disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group following a decision over the weekend by the group to accept an industry plan covering data […]
CFA Poll Shows Americans Support Stronger Fuel Economy Standards
Increasing federal fuel economy standards for cars and light duty trucks, to 42 MPG by 2025, is supported by 79 percent of Americans (68 percent of Republicans), and opposed by only 18 percent, according to a recent national survey commissioned by the Consumer Federation of America (CFA). In March, Department of Transportation Secretary (DOT) Elaine […]