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Customer Federation of America

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Customer Federation of America

Many Press that is recent Releases

  • Insurance vendors Charge 79% More To Safe Drivers in Washington State as a result of Low Credit Scores; State Farm Nearly Triples Premium for Good Drivers with Credit issues
  • Automobile Insurance Refunds required as brand brand New information Show Crashes stay Well Below Normal because of Pandemic; 23% less Accidents in and October september
  • Texas Department of Insurance’s Misinformation and Inaction Stall Efforts to make sure Proper COVID Auto Insurance Refunds for Texans

Most Recent Testimony and Opinions

  • Groups Urge Insurance Commissioners to need a 2nd round of premium Relief
  • 18 Groups Urge NAIC’s Special Committee on Race and Insurance to Combat Systemic Racism
  • CFA Aids Oregon’s Proposed Ban on Using Non-Driving Factors to find out Insurance Costs

Insurance firms aren’t likely to treat risks that are similar, and there is not a way that two different people who can communicate with one another from their yards can be viewed various dangers according to geography. Since states need motorists to shop for personal car insurance, the businesses and federal government regulators have actually a unique responsibility to make sure fairness in rates.

Just because, as regulators, you remain ready to accept the concept of very differentiated premiums such as ZIP rule by ZIP rule score, there’s absolutely no reason for stark cost distinctions along these abnormal boundaries. Alternatively, you need to insist that organizations smooth their prices across likewise structured geographies in order to avoid this sort of ZIP rule discrimination faced by residents of lower-income, majority-minority communities. Read More