The State of Massachusetts is a national joke when it comes to auto insurance. Florida should take note of the fact that MANY insurors will not write in Massachusetts. The MA legislature is constantly fixing that.
So a new carrier might enter the market, and already the state government is taking shots at them. After being a commercial auto underwriter/broker for over 25 years, I still do not call my congressman for advice on my insurance premiums. You reckon there is a reason for that? Maybe I am in a better position than a lawmaker to figure out what pricing may be appropriate? Maybe I have studied loss vs premiums too long and KNOW what it takes?
Here is another case of government getting in and really making a mess of things.
Hmmmm, lets see…the laws Occidental will be breaking are there to protect the consumer…not the insurer.
I write in MA…the laws/rates were adopted to protect/benefit the folks who lived in the inner city, youthful ops, and those with less than perfect records…without regard to their credit rating.
If a insurer wanted to write in MA they could, but you couldn’t hen pick the risk…sorry
No matter…its call changing now…not for the better if fear.
Now we start to see the carrier tactics and manipulations to get higher and excessive premiums – after the so-called competitive rating your Commissioner and Governor approved for the benefit of the insurance companies. This is just the start, other carriers will also jump on the bandwagon and you’ll have s company-dominated marketplace, in which the consumers pay the price. Really too bad MA scrapped the CAR plan, as it was consumer-driven. No, I don’t work for any insurance company, for those who may ask.
Well Occidental might get some competition then. In NY we have alot of Non-Standards including NYAIP and the companies that don’t do it well don’t get alot of business. It sounds to me like your commisioner didn’t get the campaign donation or something. Let’s not forget it still revolves around politics 101 not consumer 101.
Expert- what does that word refer to? I would guess not your knowledge of how the “free marketplace” works. In your neighboring state to the south (and the rest of this country) there are more p/c carriers then you can imagine – driving rates down. The consumer wins in Connecticut due to supply and demand – supply by the carriers. The CAR system belongs in another country – not the U.S.
The State of Massachusetts is a national joke when it comes to auto insurance. Florida should take note of the fact that MANY insurors will not write in Massachusetts. The MA legislature is constantly fixing that.
So a new carrier might enter the market, and already the state government is taking shots at them. After being a commercial auto underwriter/broker for over 25 years, I still do not call my congressman for advice on my insurance premiums. You reckon there is a reason for that? Maybe I am in a better position than a lawmaker to figure out what pricing may be appropriate? Maybe I have studied loss vs premiums too long and KNOW what it takes?
Here is another case of government getting in and really making a mess of things.
Occidental gets a medal for trying.
Who is Occidental? Are they a carrier?
Hmmmm, lets see…the laws Occidental will be breaking are there to protect the consumer…not the insurer.
I write in MA…the laws/rates were adopted to protect/benefit the folks who lived in the inner city, youthful ops, and those with less than perfect records…without regard to their credit rating.
If a insurer wanted to write in MA they could, but you couldn’t hen pick the risk…sorry
No matter…its call changing now…not for the better if fear.
Now we start to see the carrier tactics and manipulations to get higher and excessive premiums – after the so-called competitive rating your Commissioner and Governor approved for the benefit of the insurance companies. This is just the start, other carriers will also jump on the bandwagon and you’ll have s company-dominated marketplace, in which the consumers pay the price. Really too bad MA scrapped the CAR plan, as it was consumer-driven. No, I don’t work for any insurance company, for those who may ask.
Well Occidental might get some competition then. In NY we have alot of Non-Standards including NYAIP and the companies that don’t do it well don’t get alot of business. It sounds to me like your commisioner didn’t get the campaign donation or something. Let’s not forget it still revolves around politics 101 not consumer 101.
Expert- what does that word refer to? I would guess not your knowledge of how the “free marketplace” works. In your neighboring state to the south (and the rest of this country) there are more p/c carriers then you can imagine – driving rates down. The consumer wins in Connecticut due to supply and demand – supply by the carriers. The CAR system belongs in another country – not the U.S.