Michigan Governor Opposes Hike in State’s Catastrophic Auto Claim Fee
Gov. Jennifer Granholm doesn’t want Michigan motorists to pay any more than they are now to support seriously injured accident victims.
The governor asked the Michigan Catastrophic Claims Association to not increase its annual assessment above the current level of about $105 per vehicle.
The assessment is passed on from insurance companies to motorists’ annual insurance bills.
The MCCA reduced the charge last year by $18 after getting more from investments than expected and seeing medical costs not rise as fast as projected.
Michigan is the only state to offer unlimited lifetime medical benefits for people seriously injured in auto accidents.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Hack That Paralyzed US Health Care Turns Up Scrutiny on Insurer
- New Vehicle Registrations in California Rose, While Tesla Registrations Dropped Again
- Insurers Get Green Light to Pay Less Than Billed Charges in Florida PIP Cases
- Warren Buffett’s PacifiCorp Now Faces $30 Billion Fire Claim Demand
Popular This Month
- EVs Head for Junkyard as Mechanic Shortage Inflates Repair Costs
- Millions of Recalled Hyundai and Kia Vehicles, With Dangerous Defect, Remain on Road
- Poll: Consumers OK with AI in P/C Insurance, but Not So Much for Claims and Underwriting
- Florida’s Home Insurance Industry May Be Worse Than Anyone Realizes