Business Services Industry
Commerce Insurance of Webster, Mass., auto discounts under regulators' scrutiny.
Knight Ridder/Tribune Business News, November, 2004
By Bruce Mohl, The Boston Globe Knight Ridder/Tribune Business News
Nov. 6--Commerce Insurance of Webster offers a 5 percent discount on auto insurance to any member of the American Automobile Association, but state regulators are now trying to decide whether Commerce should be required to offer the discount even if the AAA customer ends up being insured by another company.
The transferability of such discounts from one firm to another has suddenly become a hot topic as state regulators begin a final review of proposed rules for a new system of apportioning as many as 1 million high-risk drivers among companies.
The new system is intended to provide auto insurance for drivers whom no company wants to insure voluntarily. The drivers...
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