Advocate Launches state-wide
"Auto Insurance Affordability"
Hearings
Deadline for Submissions has been EXTENDED to DECEMBER 5, 2008
> Find a Hearing near you. Any member of the public who wishes to submit a letter or report or document relating to the Auto Insurance Affordability Hearings, may do so by e-mail to: Office of the Michigan Auto and Home Insurance Consumer Advocate, 611 W. Ottawa, 4th fl, Lansing, MI 48933
Advocate files complaint against Allstate for Manipulating Data
Articles:
Read the Complaint against Allstate:
Hit Up for Higher Premiums
Americans Are Driving Less, But Many Insurers Want to Raise Rates
New York Times - August 23, 2008
Michigan has among the highest rates for auto insurance in the nation.
Michigan Insurance Premiums up 69%
[Source: 2007 National Association of Insurance Commissioners: 2004/2005 Auto Insurance Data Report]
Insurance Industry Profits
Property and casualty insurers are experiencing their highest net profits, after taxes, in U.S. history. The $63.7 billion profit in 2006 soared 50% from the previous year (which also set a record).
[Source A.M. Best, ISO, Insurance information Inst.]
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