Many Recent Press Releases
- Insurance firms Charge 79% More To Safe Drivers in Washington State as a result of Low fico scores; State Farm almost Triples Premium for Good Drivers with Credit issues
- Automobile Insurance Refunds required as brand brand brand New information Show Crashes stay Well Below Normal because of Pandemic; 23% less Accidents in September and October
- Texas Department of InsuranceвЂ™s Misinformation and Inaction Stall Efforts to make certain Proper COVID Auto Insurance Refunds for Texans
Most Recent Testimony and Opinions
- Groups Urge Insurance Commissioners to demand A round that is second of Relief
- 18 Groups Urge NAICвЂ™s Special Committee on Race and Insurance to Combat Systemic Racism
- CFA Aids Oregon’s Proposed Ban on Using Non-Driving Factors to find out Insurance Fees
Insurance providers are not likely to treat risks that are similar, and there’s absolutely no way that two different people who is able to speak to one another from their yards can be viewed as various dangers according to geography. The companies and government regulators have a special obligation to ensure fairness in pricing since states require drivers to purchase private auto insurance.
Even though, as regulators, you stay ready to accept the thought of extremely differentiated premiums including ZIP rule by ZIP rule score, there is no reason for stark cost distinctions along these borders that are unnatural. Alternatively, you really need to insist that businesses smooth their prices across likewise organized geographies to be able to avoid this particular ZIP code discrimination faced by residents of lower-income, majority-minority communities.