Insurance

CFA Condemns NAIC Working Group for Failing to Make Significant Progress on Auto Insurance Affordability

The National Association of Insurance Commissioners’ Auto Insurance Working Group, which is charged with studying “issues relating to low-income households and the auto insurance marketplace” has failed to make any meaningful progress since it was established over four years ago, according to a letter sent to the Association today by CFA. CFA noted that the Federal Insurance Office appears to be more committed to researching the issue of auto insurance affordability than the state-focused NAIC, despite the fact that states are the ostensible regulators of the insurance market.