Submitted without much further comment, from a Detroit News article on Michigan Governor Granholm’s State of the State address:
The governor also said she would call for auto insurers to voluntarily freeze rates for the next year.
That would give the Legislature time to consider a package of reforms to be unveiled today by Butch Hollowell, her insurance advocate.
"Our citizens are paying among the highest rates in America for auto insurance they are compelled by law to buy," the governor said, adding that the Office of Financial and Insurance Regulation will use every lever at its disposal to bring down rates.
You know, if the problem really is the cost for “auto insurance [people] are compelled by law to buy”, perhaps it would be worth remembering that there is a school of thought that auto insurance shouldn’t be mandatory. Dropping that requirement would technically eliminate that particular concern of the governor’s.
