June 09, 2014 • 1 min read

Letter to Federal Insurance Office on Monitoring Availability of Auto Insurance

CFA TC

The undersigned consumer, community and civil rights organizations commend the U.S. Treasury Department’s Federal Insurance Office (FIO) for recognizing the importance of auto insurance availability and affordability to lower income consumers and underserved communities because of the necessity of automobile ownership, state insurance mandates, high rates of uninsured motorists, and typical premium levels paid by lower income drivers. Any “reasonable and meaningful definition of affordability” must be based on premiums charged to lower income drivers.

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