Monday, June 26, 2006

 

Insurance changes debated

...Garden State drivers still pay the highest premiums in the country, with Massachusetts drivers second. However, New Jersey state officials have said that drivers have saved nearly $500 million since competition was introduced into the market.

The state now has 39 companies providing auto insurance, up 17 from when the competition took effect, and 20 more than Massachusetts has.

...Massachusetts Gov. Mitt Romney has criticized his state's "Soviet style" system in which the insurance commissioner sets uniform rates. He said Massachusetts should use New Jersey as a model to attract big national insurance carriers...

Berkshire Eagle: Insurance changes debated

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