New no fault Michigan auto insurance bills passed a House committee

Michigan Auto Insurance news

Reforms exclude certain populations for payment eligibility. A number of Michigan auto insurance bills which each contain an exclusion for certain populations from being able to collect payments under the no fault law in the state, have passed a House committee. This underscores the legislative attempts to change the system that is compensating injured people in car accidents, no matter who caused it to happen. Those supporting the bills have said that the number and size of the payouts from the personal injury protection (PIP) system have spiked over the…

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No-fault Michigan auto insurance struggling with spike in claims expenses

According to a recent study performed by the Insurance Research Council (IRC), the no-fault system for Michigan auto insurance has experienced an increase of 192 percent in the average claimed losses for lost wages, medical expense, and other injury-related costs linked to vehicle accidents within the state, in a period from 2002 to 2001. The IRC study of auto injury insurance claims in no fault systems also demonstrated that within that same period of time, there was an average increase of 13 percent every year within that state. It identified…

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Ranking the states by the cost of auto insurance coverage

According to the Insure.com study results, which have only just been released, Louisiana is the state in which it is most expensive to insure a vehicle in the entire country, whereas Maine enjoys the lowest insurance rates in the U.S. The average annual cost of insuring a car in Louisiana is $2,536, whereas in Maine the average cost is only $889. The issues that have been driving the rates higher in many states includes the insurance laws within those states, larger numbers of drivers without insurance, the number of different…

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

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…

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Insure.com releases survey showing where in the U.S. auto insurance is most expensive

Car insurance rates vary wildly from state to state. This is often due to differing regulations throughout the U.S. It is also because driving in some states is more dangerous than driving in others. Insure.com, an online insurance quote system, has conducted a survey to determine where auto insurance is most expensive in the country. The survey has ranked each state in terms of insurance premiums and the availability of affordable plans, using 900 insurance models as a benchmark. The survey found that Louisiana, Oklahoma and Michigan are the leaders…

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Florida, Michigan, and California attempt to shrink auto insurance rates

Motorists in Florida, Michigan, and California are hopeful that the attempts being made by their states will be successful in lowering the rates that they pay for their auto insurance coverage. Both Florida and Michigan have no-fault-based auto insurance systems, and these two states have been vigilantly examining their programs throughout their current legislative sessions. Florida has especially been in the spotlight, as it attempts to tackle a car insurance fraud problem that is spiraling out of control. California insurance, on the other hand, is examining its own system based…

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Coalition Protecting Auto No Fault seeks to make Michigan car insurance information public

The Coalition Protecting Auto No Fault (CPAN), a Lansing-based group, has filed a lawsuit against the insurance system in Michigan at the Ingham County Circuit Court, with the intention of forcing the insurance industry to report the data it collects regarding health and accidents. Officials with the Coalition are working to alter the current insurance system through a proposal of two bills which was made in November and which has been supported by insurance companies. They are seeking to have information from the Michigan Catastrophic Claims Association (MCCA) – a…

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