The Michigan House Insurance Committee is expected to vote on a bill May 2 to reform the state's no-fault auto insurance system.
HB 4612 is designed to address attorneys' fees, cap personal injury protection (PIP) and create a fraud bureau. It also puts an end to the requirement that consumers buy unlimited lifetime medical coverage.
Michigan is the only state that does this for auto accident injuries, according to the Property Casualty Insurers Association of America, who calls the legislation an "important step toward addressing skyrocketing costs."
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