Michigan’s no-fault auto insurance reforms are working

We live in different regions of the great state of Michigan, belong to different political parties and have different priorities. One thing we have in common, though, is we both voted “yes” on legislation in 2019 to fix Michigan’s broken, outdated auto no-fault system. Our constituents are now reaping the […]

We live in different regions of the great state of Michigan, belong to different political parties and have different priorities. One thing we have in common, though, is we both voted “yes” on legislation in 2019 to fix Michigan’s broken, outdated auto no-fault system. Our constituents are now reaping the benefits of this new law.

The Michigan Catastrophic Claims Association recently announced it was lowering its per-vehicle fee by $14 to the lowest level in 19 years. The decrease marks a 60{de3fc13d4eb210e6ea91a63b91641ad51ecf4a1f1306988bf846a537e7024eeb} drop in the fee over the last two years.

Today, we’re hearing from constituents from across our districts who are saving hundreds and even thousands of dollars on their auto insurance premiums under this new law, the authors write.

That shows these bipartisan reforms are working and finally bringing relief to consumers from northern Michigan to southeast Michigan.

Beginning next July, the $86 fee will only be charged to drivers who choose to keep unlimited, lifetime medical benefits with their auto insurance policy. Drivers who choose a lower tier of coverage, now available for the first time in decades, won’t pay anything. Not one penny.

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References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Zanite Acquisition Corp. References to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor” refer to Zanite Sponsor LLC. The following discussion and analysis of the Company’s […]

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