National Insurance Day highlights Michigan's unique catastrophic auto insurance system
LANSING, Mich. — As National Insurance Awareness Day is observed on June 28, the Michigan Catastrophic Claims Association (MCCA) is encouraging Michiganders to learn more about the unique protections built into the state's no-fault auto insurance system — and the role the MCCA has played in supporting that system for nearly five decades.
Created by the Michigan Legislature in 1978, the MCCA allows insurance companies to provide no-fault coverage that pays for the medical care of those who have been catastrophically injured in car crashes. As the state’s nonprofit auto insurance reinsurer, the MCCA reimburses insurance companies for catastrophic Personal Injury Protection (PIP) claims, helping support Michigan’s unique no-fault system.
“Michigan is the only state that offers drivers the option to purchase unlimited PIP coverage,” said Kimberly Bezy, executive director of the MCCA. “National Insurance Awareness Day is a good reminder that insurance exists to protect people during life’s most difficult moments. For catastrophically injured crash survivors, that can mean access to critical medical care, rehabilitation and support for years — or even a lifetime.”
The MCCA is committed to responsible financial management, transparency and accountability. That commitment was recently reinforced through a statutorily required audit conducted on behalf of the Michigan Department of Insurance and Financial Services (DIFS), which concluded with no findings or recommendations.
“We take our responsibility very seriously,” Bezy said. “Our goal is to ensure the MCCA remains financially strong so we can continue supporting Michigan’s no-fault system and the people who depend on it.”
To learn more about the MCCA and its role in Michigan's auto insurance system, visit michigancatastrophic.com.
###
The Michigan Catastrophic Claims Association is a private, non-profit association that serves as the state’s reinsurer for auto insurance companies. Since its creation in 1978, the MCCA has been a model of financial stability and success, allowing insurance companies to provide no-fault coverage that pays for medical care of those who have been catastrophically injured in car crashes.