Live Insurance News

Detroit Mayor Duggan files no-fault auto insurance rate lawsuit against Michigan

August 27, 2018August 24, 2018 Julie Campbell

No-Fault Auto Insurance - Law Books - Lawsuit

The popular local politician is looking to the courts in an attempt to lower skyrocketing premiums. Detroit Mayor Mike Duggan has sued the state of Michigan over no-fault auto insurance rates. The lawsuit is part of an ongoing strategy to try to reduce the premiums paid by drivers in his city and across the state. The state has previously tried and failed to overhaul its extremely costly car insurance system. At the moment, the Michigan no-fault auto insurance system is keeping rates higher for drivers in the state than anywhere…

Insurance rates in Detroit head skyward with the city’s firefighting downgrade

November 11, 2015November 10, 2015 Julie Campbell

As the struggling city’s Fire Department faces considerable problems, homeowners are forced to pay more. The Detroit Fire Department has been facing some serious struggles over the last while and this ongoing trend has now developed into an expensive one for homeowners whose insurance rates are being hiked as a result. When it comes to the homeowners rates being charged across Michigan, Detroit already has the highest. That being said, homeowners insurance rates are going to be increased yet again when an analysis conducted by an organization that examines the…

Detroit drivers struggle under high auto insurance premiums

July 27, 2015July 24, 2015 S.Vagus

Auto insurance premiums in Detroit continue to be a burden for consumers Drivers in Detroit, Michigan, are struggling to afford auto insurance coverage. The city is home to the highest premiums in the country, which can be up to $5,000 a year for coverage in some parts of the city. Because auto insurance coverage is so high, nearly half of the city’s drivers are “driving dirty,” which involves operating their vehicles without any insurance coverage whatsoever. In order to combat this problem, Mayor Mike Duggan aims to address the high…

Detroit Mayor unveils plan for auto insurance

May 1, 2015April 30, 2015 Nordstrom

Mayor Mike Duggan outlines his plan to address insurance coverage in the city Detroit Mayor Mike Duggan has unveiled some details about his plan to lower auto insurance rates in the city. This may be part of an overarching endeavor in Michigan to address the issues regarding the state’s no-fault insurance system and how it is contributing to higher premiums for drivers. Detroit is working to establish an insurance pool for drivers, offering them with affordable coverage that is expected to reduce the financial stress associated with auto insurance. New…

Auto insurance rates in Detroit continue to be a financial burden

January 21, 2015January 20, 2015 S.Vagus

Insurance coverage for drivers in Detroit continues to grow more expensive Rising auto insurance rates in Detroit may be hindering the city’s economic recovery. Consumers throughout the city have seen their insurance rates soar in the past year. Detroit has been recovering from a record breaking municipal bankruptcy, which has served to make the city somewhat financially unstable. In December of 2014, the city was able to break free of this bankruptcy and its implications, but rising costs of auto insurance coverage could slow further recovery. High insurance rates make…

Could the city of Detroit become an auto insurance company?

March 4, 2014March 1, 2014 H. Cutner

The mayor has proposed that the city begin its own coverage to help to overcome several problems. The mayor of Detroit, Mike Duggan, has been drawing quite a bit of attention back to his struggling city has he has proposed that he would begin an auto insurance company that will help to keep the skyrocketing premiums under control in the area. The announcement was made within the mayor’s State of the City address. He pointed out that recent red lining has led drivers who had already been paying high annual…

Michigan insurance scam may have left many paying for phony coverage

May 25, 2011May 24, 2011 Live Insurance News

Michigan insurance regulators are reporting that hundreds of drivers in Detroit may be victims of a scam. Nearly 1,000 fraudulent insurance policies were issued from a company based in Texas. State regulators have ordered Michigan-based Don Diamond and Ethos insurance to stop fraudulent deals as they continue investigating the situation. The policies in question seem to have originated from either Diamond or Ethos. Diamond argues that the fake policies come from malicious subcontractors in Detroit. While state regulators suspect that as many as 1,000 people have fallen prey to the…