Delaware Insurance Bill: “State of the Art” in Consumer Protection
Washington, D.C. – Consumer Federation of America today enthusiastically endorsed House Bill 80, which establishes permissible rating factors for insurance companies to use in the rating of automobile...
View ArticleMinnesota Insurance Commissioner Acts to Protect Drivers from Unfair Auto...
Washington, D.C. – Insurance giant Farmers has been ordered to refund money, pay a penalty, and change its pricing practices in Minnesota by Insurance Commissioner Mike Rothman after the state’s...
View ArticleCFA, Center for Economic Justice, Consumers Union Support NAIC’s Proposed...
The National Association of Insurance Commissioners (NAIC) Auto Insurance (C/D) Working Group has proposed a data call that would dramatically improve regulators’ ability to assess auto insurance...
View ArticleConsumer Groups Demand Action on Auto Insurance Affordability Research...
Washington DC — Insurance Commissioners must resist industry pressure and pass a long-overdue proposal to collect data from insurance companies about how sales, premiums, and coverage vary from...
View ArticleInsurance Regulators Bow to Industry, Ignoring Calls for Independent Review...
Philadelphia – The National Association of Insurance Commissioners (NAIC) should disband its five-year old Working Group on Auto Insurance after the organization’s Auto Study Group discredited itself...
View ArticleGroups Comment on NAIC Auto Study Group “Data Collection”
Center for Economic Justice, Consumers Union, and Consumer Federation of America write to express our dismay concerning the action of the Auto Insurance (C/D) Working Group (“Auto WG”) at the Summer...
View ArticleConsumer Groups Call on State Insurance Regulators to Examine and Address...
Washington, DC– Consumer groups called on state insurance commissioners to protect consumers by asserting reasonable regulatory authority to collect the data needed to meaningfully examine and address...
View ArticleInsurance Commissioners and FEMA Should Adopt Accountability Measures to...
Washington, D.C. — Today the Consumer Federation of America (CFA) called on the Federal Emergency Management Agency (FEMA) and the insurance commissioners of states impacted by Hurricanes Harvey and...
View ArticleAuto Insurance Rates Make Little Sense, State Regulators Should Repair a...
Washington, D.C. — The Consumer Federation of America (CFA) today issued a research paper that raises serious questions about the actuarial soundness of auto insurance rates being charged throughout...
View ArticleJ. Robert Hunter Testifies Before New York State Assembly Insurance Committee...
In testimony delivered to the New York State Assembly Insurance Committee, CFA Director of Insurance J. Robert Hunter shared consumers’ views on the Department of Financial Services’ (DFS) recent title...
View ArticleCFA Calls on State Insurance Commissioners to Require Insurers to File Lower...
In a letter to the Insurance Commissioners of all 50 states and the District of Columbia, CFA requests immediate action to require insurers to file lower rates to reflect the federal tax legislation...
View ArticleInsurance Customers Will Be Overcharged by $25 Billion Unless Commissioners...
Washington, DC – Each state insurance commissioner should act quickly to ensure insurance consumers – and not shareholders – benefit from the recent changes to the federal tax code and major reduction...
View ArticleCFA Reiterates Need for Rate Relief for Consumers in Wake of Large Corporate...
In a letter to state Insurance Commissioners, CFA responds to insurers and their trade groups who have begun lobbying to prevent Departments of Insurance from taking actions that respond to excessive...
View ArticleCFA Asks for Updated Information on Insurance Pricing Practices from State...
In letters sent to state insurance commissioners, CFA is asking for updated information on the pricing practices of companies in each state. In states where Departments of Insurance have issued...
View ArticlePublic Interest Groups Oppose the “State Insurance Regulation Preservation Act”
In a letter to members of Congress, Americans for Financial Reform, Center for Economic Justice, US PIRG, and CFA urge representatives to oppose HR 5059, the “State Insurance Regulation Preservation...
View ArticleConsumer Groups Call on State Insurance Regulators to Reject Proposed Report
In comments submitted to the National Association of Insurance Commissioners (NAIC) Auto Insurance Working Group, CFA, the Center for Economic Justice, and other consumer groups are urging the NAIC to...
View ArticleState Insurance Regulators Fail Consumers on Auto Insurance Affordability...
Washington, D.C. – 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...
View ArticleAuto Insurers Often Charge Identical Neighbors Considerably Higher Premiums...
Washington, D.C. – Many good drivers in ten American cities tested by Consumer Federation of America (CFA) are paying far too much for auto insurance simply because of their home ZIP code, the...
View ArticleCFA Calls on State Insurance Commissioners to Investigate Insurers’ Use of...
In a letter sent to the nation’s Insurance Commissioners, CFA argues that its alarming findings about ZIP code boundary price spikes in ten cities should lead every state’s Department of Insurance to...
View Article30 Years and $154 Billion of Savings: California’s Proposition 103 Insurance...
Washington, D.C. – California drivers have saved $154 billion on auto insurance alone since voters enacted Proposition 103 in 1988, according to an analysis by Consumer Federation of America (CFA)....
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