Mich. regulator: There's no intent to dismantle no-fault system

02/24/2013 | Detroit News, The

Michigan Insurance Commissioner Kevin Clinton says he's working to save the state's no-fault auto insurance system, countering a county official's comment that the regulator was trying to "dismantle" benefits for crash victims. "Large, national insurance companies have told me that they do not want to write automobile insurance in Michigan because of the unlimited medical benefits and the impact of the [Michigan Catastrophic Claims Association] on their financial ratings. More competition and no-fault reforms would help hold down premiums," Clinton said.

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