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.
At-Bay to Be Acquired by Munich Re for $575 Million 
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market 
Medical Firm to Build $600M Pharmaceutical Manufacturing Site in North Carolina 
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
