Consumer alert!

Michigan’s Automobile and Home Insurance Consumer Advocate Butch Hollowell has launched a Web site, to provide consumers with information on automobile and home insurance rates.
Hollowell also said his office’s major objectives include a plan to revisit how insurance affordability is defined in Michigan, and a No Fine Print Initiative, which seeks to reform the way insurance policies are written so consumers can clearly understand what is covered and what is excluded.
The Web site also features an “e-Feedback” section allows citizens to comment on issues like credit scoring, and an “ABCs of No Fault” section that explains the basics of No Fault insurance in understandable terms.
Mr. Hollowell said a recent national safety study by the Allstate Insurance Company ranked Michigan’s drivers as some of the safest in the United States.
“The Allstate report stands in stark contrast to Michigan’s high auto insurance rates,” Mr. Hollowell said. “Michigan drivers are doing a good job, yet our rates are sky high. As advocate, I am taking the consumer’s side in examining the nature of the system we have in Michigan to determine why rates are unaffordable.”
As insurance advocate, Mr. Hollowell will meet with citizens, consumer groups, experts, and insurance industry representatives in developing recommendations for needed reforms.
He also said he would work to educate consumers on how to protect themselves against predatory or illegal insurance practices and coordinate advocacy and educational efforts with non-governmental consumer advocacy entities and other organizations.

This entry was posted on Monday, July 21st, 2008 at 8:43 am and is filed under General info. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.