New Yorkers for Responsible Lending Comments on Monitoring Availability and Affordability of Auto Insurance

 

The undersigned members New Yorkers for Responsible Lending (NYRL) are pleased to submit a response to the Federal Insurance Office (FIO) request entitled “Monitoring Availability and Affordability of Auto Insurance” issued on July 2, 2015. Many NYRL members report that the increasing cost of auto insurance is a significant burden on their clients and members. We strongly support FIO’s proposal to evaluate the affordability of auto insurance for the population of drivers classified as Affected Persons. This letter provides our perspective on factors affecting the affordability of auto insurance for Affected Persons and a commentary on the questions presented by FIO in the request for information.

The comment letter is available here.

 

 Posted by at 12:51 pm