Oakland County Executive L. Brooks Patterson is known for being a pragmatic, fiscally savvy leader and a good negotiator.
And in a recent exclusive interview, Mr. Patterson discussed how the insurance industry hasn’t offered a guarantee of savings for Michigan drivers amid its strong push to “reform” the Michigan’s No Fault system by capping medical benefits and dismantling the Michigan Catastrophic Claims Association (MCCA). The MCCA is the fund that reimburses insurance companies for auto accident claims exceeding $500,000.
Mr. Patterson turned up the heat on the No Fault reform debate in February, when he published his “Open Letter” on why our existing No Fault system must be preserved and protected.
Here are some notable quotes from Mr. Patterson’s interview:
- “[No guarantee of insurance cost savings for drivers, plus the insurance industry not giving information for lawmakers to make an educated decision on possible reform] doesn’t surprise me. Again, because [the insurance industry has] a vested interest in changing the system to benefit [themselves] perhaps.”
- “It does give me pause for concern and alarm because the [insurance industry is] making these proposals with no guarantee of a better result than we have today.”
- “Then why aren’t you promising… put [cost savings for Michigan auto insurance consumers] in the law? Of course they won’t. And you can anticipate that the costs won’t go down.”
For more information, click here to read a comprehensive analysis of Michigan No Fault reform and the latest developments.
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