\”At the end of 2005, 19,394 catastrophic claims had been reported to the MCCA. Medical reimbursements totaling more than $4.7 million have been made on over 8,200 claims.\”
I would hazard to guess there are at least 4 million vehicles in Michigan, but since I don\’t know the real figure let\’s lowball it and say 1 million. If each of those 1 million has to pay $137 per year that\’s a total of $137 million dollars pet year yet the article says that \”$4.7 million have been made on over 8,200 claims.\”
Also, $4.7 million have been made on over 8,200 claims results in a severity of approximate $573 per catastrophic claim.
$573 per claim doesn\’t sound too catastrophic to me.
It is interesting that Michigan Insurance agents tout Michigan\’s no-fault auto insurance system as the best in the nation, MCCA reduces the premium rate, and yet the Michigan Insurance Industry, through both the legistlature and judiciary, is working hard to dismantle the current no-fault system. This will result in catastrophically injured people receiving increasingly diminished medical and rehabilitation services.
Kim Robert Swartz
President, Michigan Brain Injury Providers Council
There was an error in the news article with regard to the amount of reimbursements paid out by the Michigan Catstrophic Claims Association. It should be $4.8 billion, not $4.7 million as included in the March 27 article.
We are one of those family’s who happens to be drawing from the mcca, because of one of michigan care-less under insured driver’s. so my opinion is the state gov
needs to try to take care of michigan other problem’s like balance the budget
cut the state goverment cut there pay and health care, and leave the auto insurance
co. alone.
Thank you
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MCCA is a dinosaur. It\’s long past the time Michigan simply open up the market to real competition without a mandatory purchase of state reinsurance.
Something doesn\’t sound right in this article.
\”At the end of 2005, 19,394 catastrophic claims had been reported to the MCCA. Medical reimbursements totaling more than $4.7 million have been made on over 8,200 claims.\”
I would hazard to guess there are at least 4 million vehicles in Michigan, but since I don\’t know the real figure let\’s lowball it and say 1 million. If each of those 1 million has to pay $137 per year that\’s a total of $137 million dollars pet year yet the article says that \”$4.7 million have been made on over 8,200 claims.\”
Also, $4.7 million have been made on over 8,200 claims results in a severity of approximate $573 per catastrophic claim.
$573 per claim doesn\’t sound too catastrophic to me.
It is interesting that Michigan Insurance agents tout Michigan\’s no-fault auto insurance system as the best in the nation, MCCA reduces the premium rate, and yet the Michigan Insurance Industry, through both the legistlature and judiciary, is working hard to dismantle the current no-fault system. This will result in catastrophically injured people receiving increasingly diminished medical and rehabilitation services.
Kim Robert Swartz
President, Michigan Brain Injury Providers Council
There was an error in the news article with regard to the amount of reimbursements paid out by the Michigan Catstrophic Claims Association. It should be $4.8 billion, not $4.7 million as included in the March 27 article.
We are one of those family’s who happens to be drawing from the mcca, because of one of michigan care-less under insured driver’s. so my opinion is the state gov
needs to try to take care of michigan other problem’s like balance the budget
cut the state goverment cut there pay and health care, and leave the auto insurance
co. alone.
Thank you