Auto Insurance Affordability: Cost Drivers in Michigan
Tuesday, April 9, 2019
This report is part of a larger body of IRC research examining the issue of affordability by identifying the key underlying cost drivers. The specific factors driving high insurance claim costs can vary from state to state. In Michigan's unique system, with no limit on medical benefits and no fee schedule, PIP claim severity is very high and rising rapidly. Attorney involvement and litigation have increased significantly.
