Insurance companies currently cover claims up to $500,000, with the rest covered by the Michigan Catastrophic Claims Association, a group funded by drivers through an annual fee on auto insurance policies; currently $175, the fee is slated to increase to $186 on July 1.
Zemke contends that the only people who would benefit from Snyder's proposal are the insurance companies. "The fund is managed by them, and they say it's unsustainable, but they won't provide the numbers to prove it. There's $15 billion in that fund, and we put the money in!"
[Originally published in July, 2013.]