Nov. 15--Attorney General Thomas F. Reilly yesterday warned that Governor Mitt Romney's auto insurance legislative package greatly favors corporate interests at the expense of consumers and will increase the rates of urban drivers dramatically. Breaking a self-imposed silence on the governor's bill on the eve of a legislative hearing today, Reilly said Romney's legislation fails to address the need for accident and fraud reduction and offers little rate protection to drivers who were stung by deregulation in the 1970s. "At a time when the data and evidence are pointing toward record decreases in the premiums our drivers should pay, the governor's plan will raise rates for large numbers of Massachusetts consumers without providing any protections or benefits," Reilly said in a letter sent to legislators yesterday.....
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Car Insurance News: Reilly Hits Romney's Auto Rate Proposal...Get an auto insurance quote!