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Mass. Regulator Loosens Auto Insurance Rate System

Massachusetts Insurance Commissioner Nonnie Burnes announced she is ending the state's so-called "fix and established" system of auto rate-setting, and will allow each insurer to propose rates based o

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Massachusetts Insurance Commissioner Nonnie Burnes announced she is ending the state’s so-called “fix and established” system of auto rate-setting, and will allow each insurer to propose rates based on their true costs.

The move, she said, will introduce “managed competition” into the state’s highly regulated auto market.

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