Florida’s consumers face a robbery in progress with $910 million stolen so far.   That’s the premium hit for “staged accidents” made profitable by the state’s “no-fault” automobile personal injury law.   We visited this abomination before, asked the legislature to fix it, and watched as the brazen cabal of intentional crash victims, fraudulent treatment clinics and [...]

Last week, Steve Pociask testified at a North Carolina Legislative Committee hearing on Auto Insurance and was quoted by a North Carolina News Network – LINK HERE.

The op-ed is avaible at the Gainesville Sun website.

For years, Florida’s property-insurance crisis has remained unsolved, with an ever-building mountain of unfunded debt obligations building up, driving up consumer costs, creating unnecessary risk and uncertainty, hampering Florida’s economic recovery and discouraging insurance competition for your business. Epitomizing these crises, Florida Hurricane Catastrophe Fund leadership has testified to the governor and the Legislature that, [...]

Before the North Carolina Joint Legislative Study Committee on Automobile Insurance Statement of Steve Pociask President of the American Consumer Institute, Center for Citizen Research January 25, 2012 Raleigh, North Carolina Today I will talk about a number of problems with the current regulatory system in North Carolina, including the existence of hidden fees and [...]

On the surface, last month’s economic indicators introduce a dose of positivity into the market: the private sector added 200,000 jobs and the unemployment rate dropped to 8.5 percent, its lowest point since February 2009. But take a closer look and you’ll see that small businesses are still struggling to catch up, as tight access [...]

The TC Palm op-ed, written by ACI President Steve Pociask, ran on Thursday, January 12, 2012 and can be viewed here.

The Florida Times Union article  “Floridians get the Cat Fund Troubles” mentions the American Consumer Institute survey of state insurance consumers and calls for fixing the current broken state-run insurance Cat fund.  The article can be read here.

Alan Daley, Florida research director and frequent blogger at the American Consumer Institute, wrote a great piece on how no-fault insurance regulation has led to a cottage industry of fraud in the state.  His piece was published in the Gainesville Sun and can be read here.

For a printable version of ACI’s filing, Please Click Here. Summary: In this proceeding, the Institute comments for the purpose of assisting the FIO in formulating its recommendations to Congress as they pertain to insurance institutions and regulation of these institutions.  Our comments focus solely on the intersection of issues involving the cost and benefit of [...]