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.
Experian Launches Insurance Marketplace App on ChatGPT 
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
