Bill seeking no-fault changes in Mich. has insurer groups' support

05/1/2013 | PropertyCasualty360

The insurance industry is expressing support for a measure that would revamp the no-fault auto insurance system in Michigan. The bill is an "important step toward addressing skyrocketing costs" in the state, where auto insurance rates are 20% to 30% higher than in nearby states, according to PCI. "This one-size-fits-all system is expensive, has few cost controls, and does not provide incentives for thrift," PCI's Jeff Junkas said in a statement.

View Full Article in:

PropertyCasualty360

Published in Brief: