An insurance board says the annual fee that Michigan drivers pay for some personal injury costs will increase 6 percent to $186 per year starting July 1.
The Michigan Catastrophic Claims Association announced the fee. The current cost is $175 per vehicle.
The state’s no-fault insurance law requires insurance companies to pay the annual assessment to cover personal injury benefits.
The association reimburses insurers for costs above $500,000 for the care and treatment of seriously injured auto accident survivors.
The Coalition Protecting Auto No-Fault is suing the association seeking detailed information about how it calculates the assessment, and the coalition criticizes the announcement.
Topics Personal Auto Michigan
Was this article valuable?
Here are more articles you may enjoy.
Billionaire NFL Owner Suing Over Billboards Near His LA Stadium
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD
Adjusters Launch ‘CarFax for Insurance Claims’ to Vet Carriers’ Damage Estimates 

