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MCCA Board Announces Support for Consumer Refunds Resulting from Auto No-fault Reforms
November 3, 2021
The Michigan Catastrophic Claims Association (“MCCA”) Board released the following statement:
Bipartisan reforms passed by the Legislature and signed by the governor are clearly working and generating much-needed savings for consumers after years of skyrocketing auto insurance costs.
No-fault reform legislation has cracked down on widespread fraud, reined in costs through the implementation of a fee schedule and created more choices for consumers. It has attracted more competition to the market and allowed previously uninsured individuals to afford insurance for the first time ever, creating a more stable, sustainable and equitable market.
And while Michigan consumers still have access to the most generous medical benefits through their auto insurance in the nation, there is no doubt that reforms enacted by the Legislature and signed by the governor are working to provide relief to consumers and reduce the cost of auto insurance. Michigan consumers will continue to be the primary beneficiaries of these important reforms, as they should be.
Today, the MCCA unanimously voted to support issuing refund checks to Michigan consumers. Details on the specific refund amount per vehicle, along with a proposed timeline and logistics, will be announced in the next several weeks. The goal is to issue the largest possible refunds to consumers while maintaining sufficient funds to ensure high-quality care to those who have been catastrophically injured.