The debate continues over a controversial Consumer Federation of America report released last month holding that only through California's Proposition 103 has the state managed to control the cost of auto insurance—implying that in most other states, oversight of auto insurance is lax, and rates are therefore too high.
In a conference call with reporters, J. Robert Hunter, CFA director of insurance, today challenged what he called the industry's "rapid-response style, multiple critiques of the study."
Hunter said, "Rather than confront the facts, the insurance industry is throwing the kitchen sink at our report hoping to steer regulators, policymakers and the public away from the very compelling data that show how good regulation of insurance companies provides the best results for consumers by lowering rates and enhancing competition."
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