CFA Report on Auto Insurance Pricing is Flawed
CHICAGO - The following statement by the Property Casualty Insurers Association of America (PCI) is in response to the recent study by the Consumer Federation of America (CFA) regarding auto insurance rating. The following statement can be attributed to David Snyder, PCI’s vice president of policy, research and international. “This is the latest in a long series of studies from the Consumer Federation of America based on flawed research and a fundamental misunderstanding of auto insurance underwriting and rating. “Insurers use a wide variety of factors that have proven to be effective