Issue categories:
July 27, 2021
•
1 min read
Consumer Orgs Call on Federal Insurance Office to Investigate Auto Insurance Affordability and the Sources of Unfairness in the Market
Twenty-two consumer organizations sent comments to the Department of Treasury’s Federal Insurance Office (FIO) on making auto insurance more affordable and accessible. They noted that 'As the only product that most Americans are required to purchase by law, it is particularly important that auto insurance is available, affordable, and priced fairly in the marketplace.'
The groups called on the FIO to update a 2017 auto insurance study using improved methods and to conduct additional research on uninsured drivers, socioeconomic factors in auto insurance pricing, and how these factors have a disparate impact on people of color."
Our Subject Matter Experts
Related Articles
October 20, 2026
/ Press Releases
Top Ten Insurance CEOs Earned Over $155 Million in Compensation in 2025, While Consumers Struggled to Pay Premiums
October 20, 2026
/ Blogs
Insurance Companies Claim They Have to Hike Consumers’ Premiums. Their CEO Compensation, Dividends, and Advertising Costs Tell a Different Story
October 16, 2026
/ Press Releases
Tips for Consumers to Get Fair Treatment from Insurance Companies After Hurricane Isaias
October 05, 2026
/ Testimony & Comments