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.

"I will, however, retain a strong yet supple regulatory oversight function to ensure that good drivers enjoy the benefits of such managed competition, regardless of where they garage their cars," she said in a letter to the state.

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