Washington — The American Insurance Association (AIA) says the Federal Trade Commission’s (FTC) decision to order insurers to provide information for a study is unnecessary, costly and risks consumers’ privacy.
The FTC decision compels the country’s top nine homeowners’ insurance companies, by market share, to furnish the data to help complete a study of credit-based insurance scores and homeowners insurance, as required by Fair and Accurate Credit Transactions Act of 2003.
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