Consumer Groups Issue Report Showing Need for Greater Auto Insurance Premium Relief, Urge Insurance Commissioners to Ensure 30% Paybacks
CFA issues a report detailing the need for more auto increase premium relief for consumers due to the decline in miles driven and crashes due to the COVID-19 pandemic. In this report CFA and the Center for Economic Justice show that data indicate a minimum 30% premium relief payment is needed through March to May 2020. The two organizations also urge State Insurance Commissioners to take action to ensure this fair treatment for consumers and prevention of windfall profits for insurers.
