Friday, 18 December 2009

Michigan House Passes Auto Insurance Reform Legislation

An insurance trade group says a bill passed by the Michigan House of Representatives threatens to increase auto
insurance costs and harm the state's job market and economy.

The bill package was introduced earlier
this month and quickly passed through the House Insurance Committee.

PCI maintains that supporters of the proposed auto insurance reforms have greatly misrepresented several critical facts about Michigan's auto insurance marketplace, but lawmakers should be aware of the following:

* Credit-based insurance scoring has been shown to benefit consumers because it allows them to secure lower insurance costs.
* Michigan's annual average auto premium for liability and physical damage coverages combined is 12th highest in the nation – not the highest as supporters of the legislation have claimed.
* In fact, personal auto insurers in Michigan suffered a 10-year underwriting loss of 19.2 percent of earned premiums, while their 10-year operating return resulted in a loss of 2.4 percent of premiums.
* Legislation that could drive businesses out of the state would only lead to a further deterioration of Michigan's economy.

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According to Hollowell, Michigan leads the nation in reducing serious vehicle crashes, which are down 54 percent, and Michigan drivers have the highest rate of seat belt use in America: 97.2 percent.

Among other things, the bills will ban unfair credit scoring, offer a low cost policy for the working poor with good driving records, and require insurers to get prior approval before any new rate hikes.

There is reason for optimism that we can find a way to work together, and get something done for the public good.

For more information, visit House Passes Auto Insurance Reform Legislation

Tuesday, 15 December 2009

15.12.2009 Florida, Atlanta & Detroit

University of South Florida coach Jim Leavitt grabbed a football player by the throat then struck him twice in the face during halftime of the Bulls' Nov. 21 vs. Louisville game, the football player's father, his high school coach and five members of USF's football program told FanHouse.

A South Florida spokesman said the high school could review the affirmation.

"The South Florida University is aware of the story and are going to review the matter promptly," said Michael Hoad, vice president for announcement. "We are committed to securing due process for everyone involved. To secure fairness, the university does not comment during a review."

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Atlanta Olympic Park Area

New York City has Times Square. New Orleans is known for the French Quarter, and in San Francisco, camera-toting tourists flock to Fisherman's Wharf.

Now, city leaders in Atlanta hope to add Centennial Olympic Park Area and the increasing roster of museums dotting it to the list of popular urban tourism corridors.

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Ford Motor chairman not following Detroit Lions

Detroit Lions Vice Chairman Bill Ford Jr. said Monday that his role with the NFL team has taken a back seat to his duties as Ford Motor Co. presiding. It may be just as well.

Ford was in Washington to meet with President Barack Obama and submit to the Commerce Department a list of recommendations on ways to recovery the economy developed at a Detroit business top.

The younger Ford did speak out about the Lions after they dropped their third game of the 2008 campaign. Talking to reporters after a Detroit Economic Club meeting, he said he was disillusioned in the team's implementation and said fans deserve better.

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