Live Insurance News

Auto insurance records access creates battle in Michigan

January 7, 2015January 6, 2015 H. Cutner

Groups in the state feel that the Michigan Catastrophic Claims Association is not adequately transparent. The Michigan Catastrophic Claims Association (MCCA) fund is at the center of a considerable controversy when it comes to its transparency, and groups are now trying to boost the access to records with regards to the no-fault auto insurance system in the state. That association is responsible for the assessment of the $186 fee per vehicle fee that is a component of the state’s system. Groups are currently seeking to find a way to force…

Auto insurance no-fault program in Michigan faces appeal

September 8, 2014September 6, 2014 G. Turner

The system is going to be headed to the state Supreme Court due to the high rates it has caused. A group called the Coalition Protecting Auto No Fault (CPAN) has filed a lawsuit against a private fund that provides people with reimbursements when they have been seriously injured in vehicle accidents, as they claim that this is driving auto insurance rates higher. The group is seeking to determine how insurance rates are being affected by this practice. The issue that the CPAN is hoping to resolve primarily concerns information.…

Auto insurance set to rise in Michigan

April 4, 2013April 3, 2013 Logan B.

Auto insurance fee set for 6% increase on July 1 The Michigan Catastrophic Claims Association, a non-profit, state-backed organization that helps support the auto industry, has announced that drivers can expect to pay more for their auto insurance coverage beginning this year. According to the organization, the annual fee that is associated with auto insurance policies will rise by 6% on July 1 of this year. This fee is levied on policies to help cover the costs of personal injury and the state’ no-fault auto insurance rules. Fee designed to…

Michigan insurance news – no-fault fund transparency

January 9, 2013April 30, 2013

Every car in Michigan pays a $175 yearly fee to the Michigan Catastrophic Claims Association. In recent insurance news, one Judge in Ingham county decided that the public fund should be open for review so residents can understand how the fund sets the annual rate. No-fault and catastrophic loss The MCCA was created by state legislation to help Michigan insurance companies that pay out more than half a million in claim money to people in car accidents and suffer life altering injuries. This limit is for individual claims. Residents have…

Drivers in Michigan to see an average car insurance premiums increase of $30

March 19, 2012April 30, 2013

The Michigan Catastrophic Claims Association (MCCA) has just announced that there will be an increase of $30 per vehicle to the auto insurance rates paid by drivers in the state starting on July 1, 2012, as per the new rate for 2012-13. This will raise the average premium by 21 percent, making it $175. Premiums undergo an annual adjustment in Michigan in order to cover the claims that are made under the state’s no-fault insurance law’s unlimited lifetime medical benefits. The results of the assessment are applied to each car…