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. Donna Lasinski (D-Scio Township) issued the following statement:
“House Bill 4397 was just a late-night session with little reward except politics as usual. But I know we have a better solution. When we work together, we do not need people to give up their benefits in a tiered system with no guarantee of lower rates. We can both reduce cost and maintain the quality coverage that Michigan residents deserve.”
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