Issue categories:
May 18, 2015
•
1 min read
Letter to NAIC Applauding Florida Insurance Commissioner for Directing All Insurers to Stop Price Gouging Consumers
Florida Insurance Commissioner Kevin McCarty has, in an official memorandum, directed all insurers to stop setting insurance premiums on the basis of consumer characteristics unrelated to risk – so-called “price optimization.” Commissioner McCarty's memorandum explains that "the use of price optimization results in rates that are unfairly discriminatory and in violation of ... Florida statutes," because Florida law, as in other states, requires that insurance rates be based on expected risk and not what the market will bear.
Our Subject Matter Experts
Related Articles
April 29, 2026
/ Testimony & Comments
Consumer Advocates Urge Louisiana Legislature to Ban Credit Scores and ZIP Codes in Auto Insurance
April 14, 2026
/ Testimony & Comments
Consumer Federation of America Urges District of Columbia to Adopt Consumer Protections for Telematics Programs
April 02, 2026
/ Testimony & Comments
Consumer Federation of America Urges New York to Adopt Consumer Protections for Telematics Programs in Auto Insurance
March 23, 2026
/ Testimony & Comments