michigan auto insurance refund update

Governor Gretchen Whitmer has called on the Michigan Catastrophic Claims Association to adopt an. And last updated 314 PM Nov 04 2021 LANSING Mich.

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Gretchen Whitmer announced.

. 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. Billions in surplus funds should not be held by insurers to invest for their own profit or be conditioned on the renewal of a policy said Gov. In response to the governors request membership in the association has quickly reached a decision to refund but they are not sure they will be able to do so in full. Details on the specific refund amount per vehicle along with a proposed timeline and logistics will be announced in the next several weeks MCCA said in a statement.

The refund plan submitted to DIFS Monday by the MCCA will return money to every Michigander with an auto insurance policy in force as of 1159 pm. Insured Michigan drivers will be receiving auto insurance refunds after Gov. The insurers will be responsible for issuing the checks to eligible policyholders. Learn more on our MCCA Refund FAQs webpage.

By Associated Press. LANSING The Michigan Catastrophic Claims Association will issue 3. Auto Insurance Refunds Michigan drivers will receive a refund from the Michigan Catastrophic Claims Association MCCA of up to 400 per car in 2022. Governor Whitmer is calling on a state agency to issue refund checks to each state resident with auto insurance.

Gretchen Whitmer and a top regulator said Tuesday. AP All insured Michigan drivers will be getting refunds due to a 5 billion surplus in a fund that reimburses insurers medical and other costs for people seriously injured in crashes. 1 Governor Gretchen Whitmer asked the Michigan Catastrophic Claims Association to give refunds of up to 675 per vehicle to be given to every Michigan resident with auto insurance. AP All uninsured Michigan drivers will get a refund due to a 5 billion surplus in a fund that reimburses insurance companies for medical and other costs for people seriously injured in accidents.

The MCCA is accused of holding 5billion in a fund that reimburses insurers for medical claims. The associations members have quickly reached an agreement to refund but they arent sure they can do so in full as the governor has requested. Michigan drivers to receive auto insurance refunds of 400 per vehicle. On October 31 2021.

The governor said the Michigan Catastrophic Claims Association fund has banked 5 billion. Gretchen Whitmer called on the Michigan Catastrophic Claims Association to redistribute funds from its 5 billion. Every car in Michigan that was covered by insurance as of the end of October will bring its owner 400 under a new refund plan approved by Gov. Michigan Governor Gretchen Whitmer has called for refunds up to 675 a vehicle in her state to be promptly returned to policyholders.

Governor Whitmer wants refunds of up to 675 per vehicle to all policyholders in her state. To get started check out some shopping tips on our website and contact a licensed insurance agent or insurer to apply before the deadline. 809 AM EST December 13 2021. The funds will be turned over by the association to insurance companies operating in the state by March 9 2022.

Whitmer said that the Michigan Catastrophic Claims Association MCCA has a five. Its important for the MCCA board to do its due diligence and land on a refund amount that balances giving insured drivers back the money they deserve while protecting the longevity of a fund that pays for the cost of medical care for Michiganders seriously injured in car accidents said Insurance Alliance of Michigan Executive Director Erin McDonough. Based on comments Monday by Kevin Clinton the MCCAs executive director the auto insurance refunds are likely to be at least 100 per vehicle. Gretchen Whitmer the governor of Michigan has called for refunds of up to 675 per vehicle in her state to be promptly returned to policyholders.

The refund plan will return money to Michiganders with an auto insurance policy in force as of Oct. AP All insured Michigan drivers will be getting refunds due to a 5 billion surplus in a fund that reimburses insurers medical and other costs for people seriously injured in crashes. Their announcement came more than a month after the governor requested the checks by citing a multibillion-dollar surplus in the Michigan Catastrophic Care Association fund. However also on Monday MCCA executive director Kevin Clinton made comments implying the refunds will probably average at least 100 per vehicle.

The prospect of pending refunds for Michigan drivers is the entire reason we fixed the states broken auto insurance system in 2019 House Speaker Jason Wentworth R. Eligible consumers do not. WXYZ Governor Gretchen Whitmer D-Michigan asked the Michigan Catastrophic Claims Association to use a 5 billion surplus in its fund to. AP All Michigan drivers with auto insurance will receive a 400 per-vehicle refund next spring Gov.

The Michigan Catastrophic Fund Associations board said Wednesday that it voted unanimously to support issuing checks. Currently the MCCA hasnt announced details like the exact amount that will be awarded to drivers or the timeline in which refunds will be issued. MICHIGAN USA Michigan drivers with auto insurance will be receiving a 400 refund check no later than May 9 2022 Gov. The Michigan Catastrophic Fund Associations board said Wednesday that it voted unanimously to support issuing checks.

Michigan Drivers Will Get 400 Insurance Refund Per Vehicle All Michigan drivers with auto insurance will receive a 400 per-vehicle refund next year. On Monday Nov. But if the entire 5 billion surplus was paid out it could mean a refund of up to 676 per registered vehicle in Michigan.

Get Caught Up Timeline Faq Released For Michigan Auto Insurance Refunds