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Burnes Kicks Off First Auto Insurance Hearing

The first in a series of auto insurance hearings started yesterday, with Insurance Commissioner Nonnie S. Burnes at the helm. The first rate setting hearing was held to see if the state would approve a new plan that would allow the auto insurance companies to set their own rates for their customers. Attorney General Martha Coakley had called for the hearing so that they could look into specific auto insurance files.

Coakley wanted an examination of the rates filed by Commerce Insurance of Webster, which is currently the state’s largest auto insurer. Barnes, however, wanted to be very clear with everyone that this was not going to turn into a lengthy process.

Burnes said that if the hearings were too long then “consumers are never going to get decent rates.” She even went as far as to remind those on several occasions to keep their remarks brief as she felt that they had already gone on too long.

They asked Commerce how their rates were achieved considering the fact that they were 6% lower this year than they were last year. They are not the only ones being investigated. The state will be looking into Arbella Mutual Insurance Co., Hanover Insurance Group, Premier Insurance Co. of Massachusetts, and Safety Insurance Co.






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