In Florida, non-catastrophic damages such as water leakage during a rain storm can be insured. When a homeowner faces insured damages, he or she will call a contractor to mitigate further damage and repair the original damage. The homeowner is usually offered an assignment of benefits (AOB) form that appoints the contractor to fix the […]
Sears, once the biggest retailer in the U.S., has struggled to stay afloat. Unable to secure a quick cash infusion, on October 15th, Sears has widely reported its intention to seek bankruptcy protection. Sears Holdings plans to close 142 Sears and Kmart unprofitable stores by year end 2018. The rest will operate under Chapter 11 […]
Consumers have a love-hate relationship with prescription drugs. We love the wonderful new drugs that treat and sometimes cure conditions that were once life-threatening, but we hate the sometimes-unaffordable prices of the latest drugs. Consumers who have prescription insurance coverage are somewhat insulated from the full price of drugs, but insurers and pharmacy benefit managers […]
Few consumers have escaped the electronic sewage from telephone robocallers and marketer calls that violate our “do not call” registrations (DNCR). These malicious marketers waste consumer resources while riding upon automatic dialers and caller ID spoofing software. Those technologies help criminals flush high volumes of unsolicited calls onto innocent consumers. The calls waste consumers’ time, […]
This article by Help Net Security discusses ACI’s latest research on privacy and security, specifically that updating your router’s software is not enough to ward off cyberattacks. Regularly updating your wireless router is not enough to ward off attacks
83 percent. That’s the proportion of Wi-Fi routers sold in the United States that are vulnerable to cyber-attack, according to a new study by the American Consumer Institute (ACI). “Without addressing these known security flaws, consumer devices could be compromised, and data could be stolen, leading to malicious activity, identity theft, fraud or espionage,” according […]
A group of 29 nonprofit organizations filed a letter with the FDA calling on them to foster the development of a robust biosimilars market, which would ultimately reduce prescription drug costs and provide patients with access to more affordable therapies. The letter is available online.
ACI filed comments regarding the Federal Trade Commission’s (FTC) role in protecting consumer privacy and security and ensuring the competitiveness of U.S. markets while not imposing unnecessary costs on private parties or governmental processes. The filing can be downloaded here.
The story of mall closures is complex, but creditors could be the unsung lynchpins in America’s ever-widening retail closure pandemic. To read our commentary, visit Investor Business Daily.
Over the past three months, the USPS announced today that they lost an additional $1.5 billion. As total losses for FY2018 climb to $3.3 billion, USPS management continues to deflect blame as opposed to rolling their sleeves up and figuring out how to better manage their finances. President of American Consumer Institute, Steve Pociask emphasized […]