Tuesday, February 13, 2018

Auto insurance reformers: Get rid of no-fault | Crain's Detroit Business

Auto insurance reformers: Get rid of no-fault | Crain's Detroit Business:
  • Michigan's no-fault auto insurance law is seen as the nation's gold standard
  • Also is viewed as exemplifying waste and inefficiency
  • Plan floated last week to abolish the no-fault law
See the source image...Colorado abandoned its no-fault insurance law in 2002 in favor of a tort system and has seen a shift in who pays.
In the subsequent four years, the percentage of drivers relying on Medicare or Medicaid government health insurance to pay for auto accident claims more than doubled to nearly 14 percent, according to a 2008 study commissioned by the Centennial State's governor that year.
..."No-fault was designed with the mindset that we're going to get rid of the litigation," Heaton said. "As a practical matter, we're not getting rid of the litigation."

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