Massachusetts Insurance Commissioner Linda Ruthardt sided with consumer advocates and called for a 8.3 percent overall decrease in personal auto rates for 2001. Following the decision, representatives from the auto insurance industry, which had suggested a .7 percent increase in rates, warned that they might not be able to cover claims costs with the new rates and could be forced to withdraw some auto discounts.
Massachusetts Attorney General Thomas Reilly joined the State Rating Bureau in urging state insurance regulators to cut personal auto insurance rates. The AG’s office called for a 10 percent decrease. The State Rating Bureau has suggested a 12.9 percent decrease.
Topics Auto Massachusetts
Was this article valuable?
Here are more articles you may enjoy.
Grand Jury Declines to Indict Man in Fatal Shooting at Kentucky State University 
Head of EEOC Urges White Men to Report Discrimination 
Cloudy Future for Bourbon Has Jim Beam Closing Distillery for a Year 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
