LANSING — With no hearings or public input, Republicans rushed through House Bill 4397 today, providing a giveaway to insurance companies in the form of loopholes to avoid guaranteed lower rates or an end to discriminatory rate setting practices. Michigan’s auto insurance industry is one of the least regulated in the U.S. with Michigan drivers paying nearly two times more than drivers anywhere else in the nation, according to a University of Michigan study. In response, state Rep. Darrin Camilleri (D-Brownstown Township) issued the following statement:
“Downriver families need real rate relief, but this proposal is nothing more than a giveaway to insurance companies. Republican leadership fast-tracked this bill without public input or bipartisan support, sacrificing quality coverage for our families with no guarantees of long-term rate reductions. Michiganders deserve a bipartisan solution that works for their families, not big insurance companies.”
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