Michigan Gov. Gretchen Whitmer announced this week that auto insurers should have issued the last of $400 per eligible vehicle insurance refunds by May 9 and that any residents who have not received their refund should contact their insurance company …
All insured Michigan drivers will be getting refunds due to a $5 billion surplus in a fund that reimburses insurers medical and other costs for people seriously injured in crashes. The Michigan Catastrophic Fund Association’s board said Wednesday that it …
Michigan Gov. Gretchen Whitmer called on the Michigan Catastrophic Claims Association (MCCA) to return surplus funds to insured drivers in a Nov. 1 letter written to the nonprofit’s executive director R. Kevin Clinton. According to Whiter, the MCCA had a …
AM Best assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to ASMI Auto Insurance Co., ECMI Auto Insurance Co. and ESMI Auto Insurance Co. The companies are collectively known as the …
The cost of owning a car or truck in Michigan has gone up by $10. Effective July 1, the Catastrophic Claims Association will now collect $170 per registered vehicle, up from $160. The insurance fund was created to reimburse insurers …
There will be no sunlight on the records of an auto insurance fund that touches every Michigan driver. The Michigan Supreme Court has turned down an appeal from a coalition of health care, labor and consumer groups. The groups want …
A bill introduced in Michigan would require transparency and detailed financial and actuarial information from the Michigan Catastrophic Claims Association (MCCA) to be published on the association’s website. House Bill 4752, introduced by Rep. Derek Miller (D-Warren), would require the …
Michigan’s top insurance regulator has taken a stance against a bill that would allow lawmakers to appropriate money for road projects from the state-created mechanism to reinsure unlimited medical benefits provided for in the state’s no-fault system. In a statement, …
Michigan Gov. Rick Snyder and Republican lawmakers have unveiled a proposal to end unlimited lifetime coverage for medical expenses tied to auto accidents. Drivers now pay $175 per car per year to cover catastrophic injuries, and the fee is rising …
