Tagged: no fault auto insurance

Detroit Democrats propose auto insurance reform

Democratic state lawmakers from Detroit are proposing their own strategy to overhaul auto insurance in Michigan.

“The Democrats oppose Governor Snyder’s plan to cap insurance payouts for catastrophic injuries sustained in car accidents...Detroit caucus members say they’ll propose other measures, like requiring insurance companies to justify rate increases,” Michigan Radio’s Sarah Cwiek reports.

Flint’s EM recommends income tax increase

Flint’s emergency manager says his budget plan for the next year is balanced, but he warns that without new tax revenue sources, the city will again fall into debt.

“[Emergency Manager Ed] Kurtz says the loss of grant funding and declining property tax revenues will leave the city millions of dollars in the hole each year through 2018. Kurtz says Flint needs to raise its city income tax rate. Otherwise, Kurtz says Flint will face another round of budget cuts, including to police and fire,” according to Michigan Radio’s Steve Carmody.

Salaries for state officials expected to stay the same

“A state salary commission is expected to recommend no salary hikes for the governor or legislators. Governor Rick Snyder and legislative leaders sent word they’re not seeking bigger paychecks. There could be a battle over judges’ salaries, though, when the State Officers Compensation Commission meets today. Some judges have asked for a bump after a 10-year salary freeze,” Rick Pluta reports.

State lawmakers from Detroit say they will put forth their own package of bills to overhaul m auto insurance in Michigan.

The Democrats oppose Governor Snyder’s plan to cap insurance payouts for catastrophic car accident injuries at $1 million.

Snyder and some Republicans say Michigan’s unique “no-fault insurance” policy bumps up Michiganders’ auto insurance premiums. They say their proposal will bring those rates down by $125 per vehicle for at least one year, with possible future savings.

Some members of the legislature are once again proposing changes to no-fault auto insurance in Michigan. They say it will save auto owners money. Opponents say the plan is good for insurance companies, but not for accident victims.

Everybody seems to agree auto insurance in Michigan costs too much.

Governor Rick Snyder and the chairs of the Senate and House insurance committees explained the latest plan to reduce the cost.

“In this legislation it would specify that premium costs would come down by $125 per vehicle in the first year and then hopefully because of competition and other things could even see that increase in later years,” Governor Snyder said.

That one-year guarantee of savings would come because of a reduction in the Personal Injury Protection part of auto insurance.

One of Michigan’s most well-known Republicans has some harsh words for the state House GOP leader.

Oakland County Executive L. Brooks Patterson appeared today on the Michigan Public Television show “Off the Record.”  Patterson said state House Speaker Jase Bolger has abused his power, and compared him to the leader of Nazi Germany.

A proposed overhaul of Michigan’s no-fault auto insurance system has cleared its first legislative hurdle. A state House panel passed the bill on a party-line vote, with Democrats all voting "no."

Right now, people who are severely injured in an auto accident can get unlimited lifetime medical benefits.

The legislation would cap those benefits at a million dollars.

Many people who testified against the bill said people who are already injured would lose benefits they were promised.