Romney’s Auto Insurance Plan Would Make Mass. Worse for Consumers;Repeal of No-Fault, Regulation, Needed to Lower Drivers’ Rates

SANTA MONICA, Calif., June 1 /U.S. Newswire/ — Consumer advocates with the Foundation for Taxpayer and Consumer Rights (FTCR), a national insurance reform and consumer protection organization, condemned the auto insurance proposal released by Governor Romney today for failing to address the two main problems of the Massachusetts insurance market — a no-fault liability system and weak regulation of insurance companies — that make Massachusetts one of the most expensive insurance markets in the nation. A study released by FTCR in Boston in March found that no-fault auto insurance is consistently more expensive than traditional personal responsibility insurance and that its repeal would save Massachusetts drivers a collective $200 million annually…..

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