Friday, April 26, 2013

Debate on Michigan's proposed no-fault auto insurance bill brings large crowd to Capitol

Debate on Michigan's proposed no-fault auto insurance bill brings large crowd to Capitol | MLive.com:
"House Bill 4612 would cap Michigan's unlimited personal injury protection coverage at $1 million, limit what medical providers charge insurers for auto-related injuries and create an authority to combat insurance fraud.
The legislation, announced by Republican Gov. Rick Snyder last week, would require auto insurance premiums to be lowered by at least $150 per vehicle in the first year, with hopes for larger savings later.
Actual savings would amount to $125 after consumers pay a new $25 per-premium assessment to fund a Medicaid shortfall that the bill creates."

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