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2012 News

Governor’s Auto Insurance / Trauma System Study makes the case for Med Pay Requirement

March 06, 2012

This article is full of great info, statistics, and insurance costs and other figures. This Article comes from Colorado from 2009.

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No-Fault Insurance at 40: Dusting Off an Old Idea to Help Consumers Save Money in an Age of Austerity

February 07, 2012

A great article published by National Association of Mutual Insurance Companies.

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  • Michigan has over $20 billion in a fund to help pay for catastrophic claims
  • This model has been serving Michigan citizens for over 40 years
  • Unpaid medical bills are the leading cause of bankruptcy in the US, according to Harvard Medical School
  • Almost 80% of those who filed bankruptcy due to medical bills had health insurance at the time of their injury
  • Recovery from a catastrophic auto accident can cost millions of dollars
  • There are over 200 million licensed drivers in the US (and this unfortunately could happen to anyone)
  • Other states do have PIP benefits available, but they're very limited. Florida has a $10,000 benefit.

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