Massachusetts Attorney General Martha Coakley’s Office has released a report that criticizes deregulation of the auto insurance market in the state.
The report,"Automobile Insurance: The Road Ahead," comes two years after Massachusetts replaced a highly regulated market with a system of “managed competition” that enabled insurers to set their own rates and reject applicants. The report charges that deregulation has not benefited consumers and had resulted in less transparency in the rate-setting process.
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