Insurance Information Institute: Michigan's Auto Insurance Reform Law Reducing Costs, Paper Finds
April 05, 2023
April 05, 2023
NEW YORK, April 5 (TNSres) -- The Insurance Information Institute issued the following news release:
Michigan's personal auto insurers are paying out less in claims and drivers are paying less in premiums since changes were made to the state's no-fault system in 2020 and policyholders are benefiting, two non-resident scholars at the Insurance Information Institute (Triple-I) have found.
"Our initial evaluation of the likely effects of the reform legislation indicat . . .
Michigan's personal auto insurers are paying out less in claims and drivers are paying less in premiums since changes were made to the state's no-fault system in 2020 and policyholders are benefiting, two non-resident scholars at the Insurance Information Institute (Triple-I) have found.
"Our initial evaluation of the likely effects of the reform legislation indicat . . .