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400 USD motor insurance refund in 2022

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Magazine Issue: 
Tomorrow’s reinsurance [3]
Magazine date: 
Dec 2021

dollarsIn Michigan (United States), motor vehicle owners will receive a 400 USD refund for each underwritten insurance policy.

This decision follows the accumulation of a large surplus of premiums by the Michigan Catastrophic Care Association fund. This fund is dedicated to supporting insurance companies in meeting the costs related to serious road accidents.

Read also | Road accidents injuries: mortality rate per country [4]

Fri, 10/12/2021 - 10:44

Source URL: https://www.atlas-mag.net/en/article/400-usd-motor-insurance-refund-in-2022

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-186-december-2021
[4] https://www.atlas-mag.net/en/article/road-safety-in-2017