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Insurance Panel OKs Auto No-Fault Overhaul With Rate Rollback

bankingsense.com

A state House committee has approved some big changes to Michigan’s no-fault law.

We have more from The Michigan Public Radio Network’s Rick Pluta.

State Representative Tom Leonard chairs the House Insurance Committee. He says this will save consumers money.

“There is a mandatory rate rollback of 100 dollars per vehicle that has been put in this bill,” he says.

But Democrats say the savings are temporary and paltry compared to the potential loss of benefits to injured patients and revenue for hospitals. And they say it won’t make insurance affordable in Detroit and other urban areas.

For the Michigan Public Radio Network, I’m Rick Pluta at the state Capitol

Rick Pluta is Senior Capitol Correspondent for the Michigan Public Radio Network. He has been covering Michigan’s Capitol, government, and politics since 1987. His journalism background includes stints with UPI, The Elizabeth (NJ) Daily Journal, The (Pontiac, MI) Oakland Press, and WJR. He is also a lifelong public radio listener.
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