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.
Topics Catastrophe Auto Michigan
Was this article valuable?
Here are more articles you may enjoy.
NYC Hires Pinnacle Actuaries, Seeks Private Partners for Housing Insurance Program
US Cyber Insurance Market Sees Flat Premium, More Third-Party Claims Hit Loss Ratio
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask
NAIC Victim of Cyber Incident Via PeopleSoft System 

