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Is McCormick v. Carrier raising auto insurance rates in Michigan?

Injury lawyer Steve Gursten tells Crain’s Detroit Business – NO.

Steve Gursten, injury lawyer and head of Michigan Auto Law, is featured in Crain’s Detroit Business on No-Fault insurance rates in relation to the state’s new auto law, McCormick v. Carrier.

When asked if McCormick could raise auto insurance rates, Gursten told Crain’s that the insurance industry is taking a “sky-is-falling” tack on the ruling. “… that’s total nonsense to think this is the beginning of a problem. We were talking maybe 6 cents on the no-fault dollar that got spent before, on automotive tort costs. And now we’re going to be at maybe 7 cents,” Gursten said.

Here’s the full story in Crain’s Detroit Business: Maybe the sky IS falling…

April 26, 2011

Related information:

McCormick v. Carrier and its effect on Michigan auto law requirements

Michigan Auto Law – top verdicts and settlements

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