NU Online News Service, May 28, 10:50 a.m. EDT
Massachusetts Attorney General Martha Coakley has proposed new auto insurance regulations that, she said, offer consumer protections by increasing transparency and enhancing policyholders' ability to shop effectively for coverage.
The proposed regulations, according to Ms. Coakley, address certain unfair and deceptive practices she and consumer advocates have observed in the auto insurance industry since a form of prior approval, called "managed competition," was instituted in the state in 2008.
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