From a link to an article in GlassBytes...

The proposal by the New York Insurance Association would mark a big change in how rates are determined for auto, commercial and workers compensation insurance. It calls for the state to allow a "file-and-use" system where a competitive market exists, requiring insurers to simply submit their rates to the state and then be free to use them immediately, instead of seeking regulatory approval first.

It would still retain state oversight of the industry and require the state to determine that enough competition exists. But it would end what the group calls unnecessary government price controls in favor of market pricing.

"If you have a competitive marketplace, consumers are way better off with the market fixing prices than a government agency," said Bernard Bourdeau, the group's president. "When you go to the hardware store, the government doesn't tell you how much to charge for screws and bolts and nuts. Why should they do it with insurance?"

So far, the effort is limited to a discussion within the industry, with the proposal and draft legislation being circulated among NYIA members and other industry groups. But Bordeau said the trade group has already held talks with several lawmakers of both parties, and expects a bill to be introduced early in 2006.

... I love the line "If you have a competitive marketplace, consumers are way better off with the market fixing prices". Hypocritical??? You can decide.

You can read the entire article here http://www.buffalonews.com/editorial/20051210/1027588.asp