Consumers once again pay the price for lack of MCCA transparency
Insurance company-controlled board will raise annual fee from $192 to $220 starting July 1
LANSING, Mich.—(March 27, 2019)— John Cornack, president of the Coalition Protecting Auto No-Fault (CPAN), issued the following statement in response to today’s news that the Michigan Catastrophic Claims Association (MCCA) will be raising its annual per vehicle fee from $192 to $220 starting July 1.
“The Michigan Catastrophic Claims Association, which is run by Michigan auto insurance companies, has more than $20 billion sitting in its coffers. Every year it asks for more money, yet it refuses to show us the rate-making data it uses to determine its financial health and set its annual assessment. This is yet another example of the auto insurance industry not being held accountable due to a lack of strong consumer protections in Michigan. We need to bring full transparency to the MCCA as part of any no-fault reform package.”