Posts Tagged ‘robert hunter’

Robert Hunter: Windfall Profits

Posted by admin on Sunday, May 3, 2020

Robert Hunter Money Quote saying as director of insurance for the Consumer Federation of America that auto insurance companies should return excess profits to consumers. Robert Hunter said:
 
Windfall profits for auto insurers and excessive auto insurance premiums should not be another harm visited upon consumers from COVID-19 Quote
 

“Windfall profits for auto insurers and excessive auto insurance premiums should not be another harm visited upon consumers from COVID-19” — Robert Hunter

 

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In this quote, Robert Hunter is criticizing how some auto insurers have responded to the COVID-19 pandemic. He notes that while insurers have seen “windfall profits” due to fewer accidents during lockdowns when less driving occurred, consumers are still paying “excessive auto insurance premiums.”

Hunter appears to believe insurers should have lowered premiums proportionately instead of excessively profiting from the reduced risk of claims during the pandemic.

The quote conveys Hunter’s view that insurers’ profits and consumers’ premium costs during COVID-19 have become unfairly imbalanced, representing another “harm visited upon consumers” from the pandemic’s economic impacts according to this interpretation.

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