CFA News

Consumer Group Demands Probe After Reports of Alleged Bias at State Farm

A national consumer rights group on Thursday called on state insurance commissioners to investigate racial bias in claims handling after the New York Times reported on discrimination lawsuits filed against State Farm by a Chicago policyholder and a former employee …

Colorado Commissioner’s Ban on Price Optimization Hailed by Consumer Groups

An official bulletin issued by Colorado Insurance Commissioner Marguerite Salazar to insurance companies that prohibits insurance companies banning price optimization techniques in rating customers, is being praised by a consumer group. Price optimization is defined at the use of mathematical …

TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’

A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government’s program to help pay terrorism insurance claims after private insurance is exhausted. An industry …

Rates for Good Drivers in Cities Too High, Too Variable, Says Consumer Group

The Consumer Federation of America (CFA) says that most good drivers — those with no accidents or moving violations — who live in moderate-income areas in 15 cities are being quoted what the group maintains are high auto insurance rates …