Leslie Scism
speaker
504 appearances
9 recordings
1 series
first heard Sep 2017
last heard May 2023
Leslie Scism’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
This is because we just aren't having the same kind of rush hours we had pre-pandemic with so many people working from home.
So a lot of the claims volume is down.
If claims volume is down, the insurers are sending fewer premium dollars back out to consumers to repair their cars.
So the insurance companies are posting really great quarterly earnings, and this is good for their shareholders, but any policyholders paying close attention to those quarterly results probably feel like, geez, what?
Why can't I have a little bit more?
Why are you keeping so much of this profit to yourself and giving it to your shareholders?
Two consumer advocacy groups have been very vocal on this subject and have been pushing state insurance departments to be more aggressive on behalf of consumers and to push the insurance companies to offer more of these services.
rebate programs like they ran in the spring.
That's the Consumer Federation of America and Center for Economic Justice.
They, in late December, dispatched their latest communications to state insurance department pushing for additional relief for consumers, saying that what's been done so far by the insurance companies just isn't generous enough.
The car insurers have been putting in place these rate reductions, and they are filed through state insurance departments, and a lot of them already are in effect.
They take effect as a policyholder renews a policy.
or as a new customer buys.
So that's the way policyholders will benefit from the insurer's improved performance.
These decreases are on top of premium refund,
programs that a lot of insurers ran in the spring.
In those programs, the car insurers reduced people's monthly premium bills by 15 to 20 percent.
Usually they slash the premium for two to three months.
Many insurers are cautious about reducing rates more aggressively than they are.
The declines right now, as you noted, are about 4% as a national average.
Showing 321–340 of 504 · page 17 of 26
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