Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Witness urges support for S.820 to curb ZIP‑code‑based auto insurance pricing
Summary
A Consumer Federation of America witness told the Joint Committee on Financial Services that S.820 would limit reliance on geographic territory in premium setting, arguing the change would lower burdens on drivers in low‑income and majority‑Black and Latino ZIP codes by assigning a 75/25 weighting between territory and statewide lost cost.
Michael DeLong, research and advocacy associate with the Consumer Federation of America, testified before the Joint Committee on Financial Services urging a favorable report on S.820, legislation to moderate the use of geographic territory in auto insurance premium setting.
DeLong told the committee the bill “is gonna ensure fairer auto insurance premiums for Massachusetts drivers, by moderating the use of geographic territory and premium setting.” He said many Massachusetts…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
