New Jersey officials this week reached agreement with the state's major insurance companies to use about $665 million in revenue bonds to help clean up a deficit-ridden auto insurance pool.

The plan is designed to put to rest a long-running dispute between the state and insurers over who should pay off a $1.3 billion deficit that has accumulated in New Jersey's Market Transition Facility, an auto insurance pool set up to provide coverage for high-risk drivers.

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