Division of Insurance confirms rate filing by GEICO
"The Division of Insurance will now review the filing to ensure it meets the rigorous consumer protections we have implemented in the transition to managed competition, as well as the requirements of all applicable statutes, regulations and rules. Today's filing marks the eighth new company to our market since the Patrick Administration implemented managed competition last April. It is further evidence that managed competition is bringing more choice in cost, coverage and companies to Massachusetts consumers. Massachusetts consumers are reaping the benefits of automobile insurance reform," said Burnes.