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Region
Private insurers protest lower Md. auto insurance ratesPublished 08/31/08
BALTIMORE (AP) - The private auto insurance industry is objecting to a proposal by the state's insurer of last resort to lower rates as gasoline and food prices rise. At a hearing in Baltimore on Friday, industry representatives told Insurance Commissioner Ralph Tyler that the Maryland Automobile Insurance Fund's plan to make coverage more affordable puts the private sector and the state fund at risk. The General Assembly created MAIF in 1972 after making auto insurance compulsory to provide auto insurance to drivers rejected by private companies. But private insurers must bail out the fund...
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great - March 17, 2009
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