Massachusetts auto insurers under scrutiny

Massachusetts Attorney General, Martha Coakley, is taking aim at the state’s auto insurers. Coakley claims that the price for commercial coverage is excessive, costing consumers more than $1 billion over the course of seven years. The Attorney General is urging the state’s Insurance Commissioner, Joseph Murphy, to reduce rates. The notion has received opposition from many auto insurers who argue that the current rates are necessary. Coakley claims to have received information from the National Association of Insurance Commissioners and the Automobile Insurers Bureau that show consumers are paying too…

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