March 30, 2020 • 1 min read

Consumer Groups Urge Insurance Commissioners to Immediately Direct Insurers to Provide Premium Offset Payments to Policyholders Affected By COVID-19

CFA TC

CFA urges all Insurance Commissioners to take immediate action that will protect consumers and business from excessive and unfair premiums charged by insurance companies. In this letter CFA and the Center for Economic Justice reiterate the call for lower auto insurance premiums for people who have stopped driving and lower commercial premiums for businesses that have dramatically curtailed their business and limited their exposure.  We also called for a moratorium on the use of credit scores in insurance underwriting and rating as well as warned about potential abuses in smaller lines of insurance such as credit-life coverage.

Related Articles

CFA TC
October 20, 2026 / Press Releases
Top Ten Insurance CEOs Earned Over $155 Million in Compensation in 2025, While Consumers Struggled to Pay Premiums
CFA TC
October 20, 2026 / Blogs
Insurance Companies Claim They Have to Hike Consumers’ Premiums. Their CEO Compensation, Dividends, and Advertising Costs Tell a Different Story
CFA TC
October 16, 2026 / Press Releases
Tips for Consumers to Get Fair Treatment from Insurance Companies After Hurricane Isaias
CFA TC
October 05, 2026 / Testimony & Comments
Letter Urging the California Supreme Court to Decide a Case Against USAA's Unfair Discrimination Against Enlisted Servicemembers