Insurance News - Auto insurance competition would exclude socioeconomic factors (The Standard-Times) BOSTON
Auto insurance competition would exclude socioeconomic factors (The Standard-Times)
BOSTON State Insurance Commissioner Nonnie Burnes on Tuesday proposed opening the Massachusetts auto insurance market to competition, but said she would ban insurers from considering such socioeconomic factors as education and income.
Auto insurance proposal would ban socioeconomic factors in rates (WPRI 12 Providence)
BOSTON (AP) - The state insurance commissioner wants the Bay State's regulated auto insurance market open to greater competition. But Nonnie Burnes has some conditions. She said today she wants to bar insurers from using socioeconomic factors such as marital status and education in setting rates.