Insurance and the Michigan Economy Archive

  • Coalition for Auto Insurance Reform Applauds Governor and Lawmakers for No-Fault Reform Efforts

    Coalition for Auto Insurance Reform Applauds Governor and Lawmakers for No-Fault Reform Efforts

    Lansing, Mich. – The Coalition for Auto Insurance Reform (CAIR) supports Governor Rick Snyder, Rep. Pete Lund, and Sen. Joe Hune efforts to reduce the rising costs of Michigan’s no-fault insurance system while still providing the highest level of coverage in the country. Today Governor Rick Snyder and lawmakers introduced plans to protect Michigan’s no-fault […]

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  • Voters express overwhelming support for no-fault reform

    Voters express overwhelming support for no-fault reform

    Majority believe Michigan auto insurance premiums are too high Lansing, Mich. – According to a recent statewide poll commissioned by the Coalition for Auto Insurance Reform (CAIR), an overwhelming number of Michigan voters believe their auto insurance premiums are too high and support no-fault reform legislation that would lower their auto insurance costs. Rates are […]

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  • The Case for Reforming No-Fault Insurance

    The Case for Reforming No-Fault Insurance

    Michigan Drivers Can’t Afford Out-of-Control Auto Insurance Bills Michigan’s no-fault auto insurance system is in desperate need of reform. Recent studies show staggering increases in the cost of purchasing auto insurance in Michigan, rising at twice the rate of all other states. Mandated unlimited, lifetime medical coverage, has pushed the cost of auto insurance from […]

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  • LETTERS: Don’t ignore no-fault reform

    LETTERS: Don’t ignore no-fault reform

    Crain’s Detroit Business Editor: I am greatly disappointed to read the Feb. 25 opinion on potential no-fault reforms (“No-fault reform: No data, no deal”). Rather than analyzing the facts surrounding the structure, purpose and operations of the Michigan Catastrophic Claims Association as well as the need for substantive reforms to Michigan’s unique automobile no-fault insurance […]

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  • R Street Institute: Reforming Michigan’s Auto Insurance Market

    R Street Institute: Reforming Michigan’s Auto Insurance Market

    by R.J. Lehmann Michigan’s unaffordably high auto insurance premiums result in large part from its unique requirement granting all policyholders unlimited lifetime medical benefits. Higher rates of medical utilization and significantly higher reimbursements for common medical claims than those paid by Medicare or private workers compensation insurers show how pervasive the problem has become. Allowing […]

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  • Insurance and the Michigan Economy

    Insurance and the Michigan Economy

    DISCUSSION The insurance industry is a vital part of the Michigan economy and has been a relatively recession-proof source of stable, well-paying jobs. In the most recent report from the Bureau of Labor Statistics (BLS), the net job loss during 2009 – .17 percent – was far less than many other sectors in the U.S. […]

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