In the News
Editorial: Fix car insurance with compromise, not court fights
The Michigan Supreme Court has ruled that insurance companies can consider credit histories when setting auto premiums. Consumer advocates are dismayed, but banning credit scores would not have fixed the urban insurance crisis anyway. As many urban policy holders now enjoy good-credit discounts—amounting to 5% to 45% of a premium—as do rural and outstate residents.
With credit-scoring issue decided, policymakers should explore other ways to trim auto insurance cos
State lawmakers should take a lesson from the recent Michigan Supreme Court ruling that upholds the use of a credit-based insurance scoring system as a factor in determining the price of auto coverage. If they want relief for Detroit drivers, it's time to take up an array of proposals that would give all Michiganians options for lowering their auto insurance premiums.
Court: Insurance rates can reflect credit scores
Insurance companies can use a person's credit report to determine rates, the Michigan Supreme Court said Thursday in declaring that state regulators exceeded their authority when they banned the practice as discriminatory.
Credit-Based Insurance Scores Save Consumers Money
The Property Casualty Insurers Association of America (PCI) reiterated today that credit-based insurance scoring, contrary to what opponents holding a rally today may claim, actually saves the majority of home, auto and business insurance consumers money on their premiums.
GUEST: Insurance industry — A shining light in a dark economy
Today Michigan families face financial uncertainty that includes loss of employment and financial insecurity.
In the face of that uncertainty, I'm proud of the fact that the insurance industry is doing all that it can to promote and enhance the economic and business climate in this state.
Rochester man accused of insurance fraud after car fire
A Rochester man has been charged with fourth-degree insurance fraud after filing a fraudulent $1,200 claim.