DBusiness Magazine: Study: Proposed Insurance Changes in Michigan Could Cost Consumers $5B
Local businesses, trade associations, and nonprofit organizations have joined together to launch the Don’t Touch MI Rates Coalition with the mission of protecting Michigan families and small businesses from so-called “bad faith” legislation introduced in the state Legislature.
Today, a member of the coalition, The American Property Casualty Insurance Association (APCIA), released a study on the economic impact of proposed bad faith insurance reforms in Michigan showing the bills could impose big costs on consumers if signed into law.