Critics hit state auto insurance proposal
Boston.com, August 30, 2007 — The proposed rules for auto insurance competition in Massachusetts were met yesterday with skepticism from consumer advocates and caution from at least some insurers.
Boston.com, August 30, 2007 — The proposed rules for auto insurance competition in Massachusetts were met yesterday with skepticism from consumer advocates and caution from at least some insurers.
Insurance Journal, August 30, 2007 — Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they will enter if her plan to allow competitive pricing goes forward …
Forbes.com, August 29,2007 — Insurance Commissioner Nonnie Burnes proposed opening the state’s regulated auto insurance market to greater competition, but she wants to bar insurers from using socio-economic factors such as marital status and education in setting rates.
08/29/2007
DOI publishes proposed regulations.
Mass.gov, August 28, 2007 — News release from the Commonwealth of Massachusetts’ Office of Consumer Affairs and Business Regulations, stating that the Commissioner’s draft regulation, issued to guide the gradual transition from state set rates to managed competition, will ensure a smooth transition to the new system.
Boston.com, August 26, 2007 — New Jersey’s former insurance commissioner said it will be difficult to attract national automobile insurance carriers to Massachusetts without allowing them to use such socioeconomic factors as credit history, homeownership, occupation, or education.
Boston.com, August 26, 2007 — New Jersey may offer drivers here a glimpse of the road ahead if the Bay State loosens insurance restrictions.
Boston.com, August 24, 2007 — Insurance Commissioner Nonnie S. Burnes has promised to keep a tight regulatory rein on automobile insurers as competition is introduced next year, but several state senators said yesterday they weren’t content to rely on the commissioner’s assurances.
Telegram.com, August 24, 2007 — Legislators worried that the limited auto insurance deregulation plan being undertaken by the Patrick administration will raise rates for many drivers, raised serious concerns in a Senate committee session yesterday that increased competition could end up putting as many as 1 million Massachusetts residents into costly assigned-risk pools.
The Standard, August 17, 2007 — Senate members of the Massachusetts Legislature’s Joint Committee on Financial Services questioned Commissioner Burnes on the proposed auto insurance reform, expressing particular concern about how socioeconomic factors would be used under the new, competitive system.