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October 01, 2004

Final Mass. Auto Rate Bid Filed: 1%

The last bid in the process of setting 2005 Massachusetts private passenger auto insurance rates is in. The State Rating Bureau (SRB), the consumer arm of the Division of Insurance, has recommended that rate go up just slightly, an average of one percent.

That contrasts with the industry's request for a 9.2 percent increase and with the critical filing by the state attorney general, who earlier this week called for a 6.2 percent cut.

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Posted by Tom Troceen