NFIB Michigan State Director Pens “Viewpoint” About Proposed Legislation That Would Increase Small Business Insurance Rates

October 17, 2023

Recently, NFIB State Director in Michigan, Amanda Fisher, penned a "Viewpoint" in the Lansing State Journal.

NFIB Michigan State Director Pens "Viewpoint" About Proposed Legislation That Would Increase Small Business Insurance Rates

Recently, NFIB State Director in Michigan, Amanda Fisher, penned a “Viewpoint” in the Lansing State Journal about massive increases in the basic insurance they must provide. If new legislation under consideration in Lansing becomes law, the cost of auto, homeowners, business and other basic insurance coverage will see double-digit increases, just as they did in the states of California and Florida where similar legislation was enacted. NFIB has is actively educating lawmakers about the downside to this legislation and how it would impact our small business owners. Here’s the deal: the vast majority of insurance claims in Michigan are paid promptly and the claimants are satisfied with the settlement they receive. The Michigan Department of Insurance and Financial Services is well-equipped to investigate complaints and conduct rigorous oversight of the insurance industry and has done so for many years.

NFIB State Director in Michigan, Amanda Fisher, is actively educating lawmakers about how the proposed legislation increase insurance coverage for small business owners across Michigan.

The proposed legislation, which provides powerful incentives for fraudulent claims and frivolous lawsuits against insurance companies, will result in higher insurance premiums for individuals and small businesses across our state. You can read the full “Viewpoint” article here.

Topics:

Insurance

State:

Michigan

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