Thursday, September 28, 2006

It's All About Perspective, I Guess

Is it just me, or is this article about a potential "savings" for Massachusetts drivers more of a tacit admission by Attorney General Tom Reilly that we've all be getting hosed to the tune of 18% for the past year on our insurance premiums?

BOSTON, Mass. -- The attorney general and the state Division of Insurance on Wednesday proposed steep cuts in Massachusetts’s auto insurance premiums that could save some drivers between $85 and $180 annually on their bills, depending on the proposal.

Attorney General Tom Reilly proposed an 18.2 percent rate cut that would reduce the average driver's policy by about $180 per year.

And, here's your money quote from the story, concerning our old friend, Tom "Totalitarian" Reilly, and his role in all of this:

Massachusetts in the only state where state regulators set auto insurance rates. The process begins with the industry's recommendation, followed by the attorney general, who represents the interests of drivers.