In Massachusetts auto insurers are subsidized, profitable, and in your business
I have written before of my life as an insurance underwriter and sometimes agent, (never at the same time) and I can tell you that this report from the Bay State does not surprise me. Little does in the very regulated world of insurance. There are so many nooks and crannies to filings, and so much variation from state to state that the “driver school” revenue stream insurers have going in Massachusetts should shock no one. Peel back property and casualty insurance regs in most states and at least a few cockroaches will scurry out.
http://www.againstcronycapitalism.org/
Source: http://www.againstcronycapitalism.org/2014/12/in-massachusetts-auto-insurers-are-subsidized-and-run-the-show/
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