Monday, October 10, 2005
Cuts in Auto & Homeowner Insurance Rates Proposed
The Detroit Free Press reports that Gov. Granholm and Democratic lawmakers are proposing a 20% cut in home and auto insurance premiums. A recent report by the National Association of Insurance Commissioners found that Michigan has the 10th highest average auto insurance rates in the country and the highest in the Midwest. Rates are 15% more than the national average and 32% more than the Midwest average. The insurance industry calls the proposal unnecessary and politically motivated.
# posted by farlane @ 9:21 AM
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