Cat Claims Fund Charges Up 21% For Large Michigan PIP Claims
The premium paid to the Michigan Catastrophic Claims Association (“MCCA”) by member insurance companies will be $175.00 per insured vehicle effective July 1, 2012 to June 30, 2013. This represents an increase of $30.00 (21%) over the current MCCA charge of $145.00. The $175.00 assessment represents $141.93 to cover claims; $32.72 to address the $2 … Cat Claims Fund Charges Up 21% For Large Michigan PIP Claims