The state legislature held a marathon committee hearing on a bill to overhaul Michigan’s auto insurance law.
One idea is to prevent insurance companies from using credit scores to influence rates.
Mayor Mike Duggan had a major hand in crafting the bill the committee discussed. He says he’d like to see changes to the bill. But he says the focus needs to be on passing immediate rate relief.
“If we can get it done with credit scores I’m in favor. If we get it done without credit scores it’s still a significant relief.”
The current bill gets ride of the requirement that all drivers have unlimited lifetime coverage for injuries from a catastrophic car crash. Opponents to unlimited coverage say it’s why Michigan’s rates are among the highest in the nation.