If you were hoping for four more years of relatively docile consumer protection, President Biden’s nomination of Rohit Chopra to lead the Consumer Financial Protection Bureau should be understood as clear indication that your hopes will be dashed. Assuming his Senate approval, Chopra will remake the CFPB as the muscular uber-regulator envisioned by its architect Elizabeth Warren.

The cost tied to installing and maintaining CPI is important to understand. A CPI administrator performs and is responsible for intricate, specialized duties when handling various aspects of a CPI policy. The insurance carrier has distinct responsibilities as well. It’s important to know how both of these organizations work and interact within your CPI program so you can optimize its success.

Debt Cancellation Agreements and other waiver products are not substitutes for insurance and should never be treated as such, unless of course, you like living dangerously.

At Berkshire Risk Services, our goal is to create stable and profitable CPI programs that can withstand regulatory scrutiny. One of the many ways we achieve our goal is by using our expertise to construct programs conducive to producing profitable and even-handed loss ratios.