Michigan’s no-fault auto insurance fee is going up — again
The per-vehicle assessment will increase to
It's the latest in a series of extra costs to hit motorists, who are paying 20% more for their vehicle registrations and
The association, whose board is dominated by insurance companies, said the increase is necessary because of higher-than-anticipated claims costs, partly offset by better-than-expected investment returns.
Looking at the new
The Coalition Protecting Auto No-Fault waged a lengthy legal battle against the MCCA over access to the methods and calculations the MCCA uses to set its annual fee.
But
"No one knows how they're estimating this deficit and how they're managing their finances, because they don't provide the rate-making data to the public," said
"This just screams for transparency," and "we need a legislative fix," Hovey said.
The MCCA says it releases adequate information about the rate-setting process.
The association says it has assets of
Contact
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