October 18, 2019

Rep Lucido Its time for the MCCA to open the books

first_img26Apr Rep. Lucido: ‘It’s time for the MCCA to open the books’ State Rep. Peter Lucido on Wednesday introduced a plan requiring the Michigan Catastrophic Claims Association (MCCA) to disclose premium calculation information to the public.Under Lucido’s measure, the MCCA – which reimburses no-fault auto insurers for medical costs in excess of $555,000 per claim – would have within 15 days after calculating premium changes to disclose criteria used, as well as expected losses and expenses, on its website for public viewing.“The MCCA ought to be transparent and open to the public,” said Lucido of Shelby Township. “Motorists paying for auto insurance and driving legally are the ones paying the rates. Open the books. Let’s learn the truth.”Lucido’s plan comes shortly after the MCCA recently announced per-vehicle assessments will increase $192 beginning on July 1 – a 13-percent increase from the current $170 rate. Michigan courts have ruled the MCCA not subject to the state’s Freedom of Information Act.“No one but the MCCA knows how they’re estimating expenses and losses,” Lucido said. “We need to know who’s making the money and where the money goes.”House Bill 5878 moves to the House Insurance Committee for further consideration. Categories: Lucido Newslast_img

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