An Analysis of the Profitability and Pricing in the Michigan Auto Insurance Market by Jay Angoff
“An Analysis of the Profitability and Pricing in the Michigan Auto Insurance Market,” examined publicly available information filed by the MCCA as well as annual reports from the National Association of Insurance Commissioners. Among the key findings in the report is the fact that the MCCA’s own data indicates its annual surcharges on drivers’ insurance policies are about 15 percent higher than necessary over the long term, and more than 27 percent higher since 2004.
