September 27, 2011
Insurance attorney Steven M. Gursten, partner of Michigan Auto Law, was quoted in a Michigan Lawyers Weekly story about a wave of No-Fault insurance “reform.”
Some of the “reform” measures, he said, are a “boondoggle for the insurance companies and terrible for everyone else.”
Gursten said he’s concerned that the Michigan Catastrophic Claims Association would no longer have to pay lifetime benefits as it does now on all claims in excess of $500,000.
“As people stop paying into the system where there will be less money to pay for catastrophic claims,” he said, “No matter what we’re paying for insurance, that doesn’t change the fact that 700-800 people every year will be catastrophically injured.”
Here’s the full Michigan Lawyers Weekly story: No fault? Personal injury protection limits said to be good for insurers, but others question proposals
September 16, 2011