Jul. 6--The state's automobile insurers say they are likely to ask for a rate decrease next year if the Patrick administration decides to continue regulating the prices they can charge. It would be the third straight year insurers have asked state regulators to cut premiums, a trend reflecting an unprecedented downturn in the dollar value of insurance claims. Daniel J. Johnston, president of the Automobile Insurers Bureau of Massachusetts, said the size of any requested rate reduction won't be known until company expense numbers and other data are crunched over the next two months.....
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Car Insurance News: Auto Insurers Expect 3d Rate Drop...Get an auto insurance quote!