Health Insurance Forum

Auto insurance changes proposed

by mahir on 24/06/10 at 11:17 am

In the two years since auto insurance improvement went into result in Massachusetts, coverage seems to have become, on average, more reasonably priced.
But more changes must be completed if the system is to sufficiently dish up the state’s drivers, state Attorney General Martha Coakley says.
“Though we have seen many optimistic changes since the auto insurance marketplace was deregulated two years ago, our office feels that a lot of improvements should be made within the organization to improved defend consumers,” she said in a statement to the Cape Cod Times.
To that end, Coakley has planned a new set of auto insurance regulations that will be the topic of a hearing listed for 2 p.m. today.
The planned rule changes comprise provisions that would necessitate insurers to be more see-through about the factors that add to rates, permission that customers are given all discounts for which they are entitled and fasten down on misleading marketing practices.
The set of laws also would stop insurance companies from judgment ways to distinguish alongside consumers on the foundation of financial status or education. Using those factors to settle on rates is at present forbidden, but there is some anxiety that insurers could use legally obtained data to assume that information and then change rates accordingly.
“There are companies that wish for to do profiling,” said Charles Robinson, leader of Rogers & Gray Insurance Agency in South Dennis. “That’s not consumer-friendly.”
State Insurance Commissioner Joseph Murphy protected the present system, but said his office has been having “creative conversations” with Coakley’s staff.