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CFA Says Regulation, Competition Not At Odds, As Both Share Same Objectives

Consumer group admits some regulators guilty of 'abuse' in suppressing rate

By Phil Gusman | Updated on September 14, 2008

Regulation and competition should not be at odds with one another, as both share the same goals, a leading consumer group official argued here during the CPCU Society’s annual conference.

Both regulation and competition have the same ultimate objectives–to provide wide availability of good coverage at the lowest possible price, consistent with a fair return for insurers, according to Travis Plunkett, legislative director of the Consumer Federation of America.

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