Consumer Federation: $20 Million+ Returned to Nevada Drivers Due to Pandemic Prohibition on Auto Insurance Penalties Based on Credit Score
February 23, 2024
February 23, 2024
WASHINGTON, Feb. 23 -- The Consumer Federation of America issued the following news release:
Auto insurers in Nevada have refunded over $20 million to more than 160,000 drivers who faced premium increases during the pandemic simply because of their low or declining credit score. During the pandemic, the Nevada Division of Insurance issued a rule - R087-20 - that prohibited companies from increasing any auto insurance customer's premium due to credit information in the wake of the CO . . .
Auto insurers in Nevada have refunded over $20 million to more than 160,000 drivers who faced premium increases during the pandemic simply because of their low or declining credit score. During the pandemic, the Nevada Division of Insurance issued a rule - R087-20 - that prohibited companies from increasing any auto insurance customer's premium due to credit information in the wake of the CO . . .