Friday, 13 July 2012

OAI: Auto Insurance Hike Approvals Spotlight Michigan Coverage System

Detroit, MI (PRWEB) July 10, 2012

Michigan regulators approved rate hike requests from major insurers who said they are increasing prices to accommodate rising per-vehicle fees that fund the states no-fault system, highlighting the passage of costs from insurers to consumers that occurs in the only state in the U.S. offering lifetime compensation for crash-related medical expenses regardless of fault, according to Online Auto Insurance.

Insurers pay into the Michigan Catastrophic Claims Association

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