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Proposed reforms could increase insurance costs for Michigan consumers – study

Insurance reforms under consideration in the Michigan legislature could significantly increase costs for consumers, according to a new study from the American Property Casualty Insurance Association (APCIA).

Proposed changes in House Bill 4681 and Senate Bill 329 introduce 35 new legal avenues for action against insurance companies, which the report by APCIA said could lead to an 11-21% increase across all types of insurance policies.

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