The Michigan Chamber released the following statement from Wendy Block, senior VP of business advocacy, on the third-party Milliman, Inc. report issued by the Michigan Department of Insurance and Financial Services (DIFS) as requested by the State Legislature analyzing the impact of the state’s 2019 auto insurance reforms:
“This new analysis confirms that Michigan’s bipartisan no-fault insurance reforms are delivering real, measurable savings for drivers and employers. The data shows these smart, consumer-focused reforms expanded choice, lowered costs and strengthened the market. While costs have come down, the report also rightly notes that more can – and should – be done to improve auto insurance affordability. Reducing these costs remains critical for Michigan families, talent attraction and retention and our overall economy.”
###