Tag Archives: managed competition

Managed Compeition… Success.

April 1st 2008 Massachusetts let the auto insurance industry loose. Shifting from state regulated rates to a managed competition many changes were brought to the Massachusetts auto insurance industry and consumers. A study by the Department of Insurance analyzing this change included: a preliminary survey of 1,100 consumers, a comprehensive 30-minute survey of more than [...]

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What Does Everyone Have to Say About "Managed Competition"?

For years, the state of Massachusetts controlled auto insurance carriers to produce higher revenues.  However, the system has changed directions, and state officials put a “managed competition” program into place in order to lower car insurance premiums and rates. This program has been in existence for about two years now, and has received both praise [...]

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On Anniversary of managed competition savings to consumers still up for debate

April 1 marks the one year anniversary of managed competition for Massachusetts auto insurance, and, as the varied stories show, whether or not the consumer is benefiting is still in question. According to Insurance Journal: “It’s difficult to measure the exact impact of the new system so far.”  Customers are saving money  with managed competition according [...]

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