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Tuesday, November 2, 2021

Why Whitmer is asking auto insurance industry to give ‘maximum amount’ of $5B surplus back to drivers - MLive.com

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Gov. Whitmer visits Saginaw to discuss MI Safe Communities plan with community leaders

Governor Gretchen Whitmer listens to Saginaw leaders as she holds a round table meeting to discuss her MI Safe Communities plan and get feedback on public safety from the community at Youth Development Corporation on Wednesday, Oct. 27, 2021. (Kaytie Boomer | MLive.com)Kaytie Boomer | MLive.com

Gov. Gretchen Whitmer is seeking refunds of auto insurance fees, arguing a $5 billion surplus accumulated by the Michigan Catastrophic Claims Association should be returned to Michigan drivers.

In a Monday statement, Whitmer said the MCCA — a statutorily-established nonprofit that all auto insurers pay into for personal injury protection under the state’s auto no-fault system — currently boasts a surplus of more than $5 billion “and should be put in people’s pockets immediately with a refund check.”

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Why Whitmer is asking auto insurance industry to give ‘maximum amount’ of $5B surplus back to drivers - MLive.com
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