Michigan No-Fault Lawyers
On October 1, 2016, the Michigan Department of Insurance and Financial Services’s Bulletin 2016-19-INS went into effect. The bulletin effects Michigan no-fault cases. The bulletin announced an increase in the monthly wage loss maximum and maximum monthly benefit for survivors’ loss claims.
Under the Michigan no-fault law, individuals injured in a motor vehicle accident and disabled from employment are entitled to receive 85% of their gross wages for up to three (3) years from the date of the accident. However, there is a maximum an individual can receive over a 30-day period.
In addition, the dependents and spouses of persons killed due to a Michigan car accident or Michigan truck accident are entitled to survivors’ loss under the Michigan no-fault law. Like wage loss benefit claims, there is a 30-day monthly maximum benefit.
That maximum is changed each year at the direction of the Department of Insurance and Financial Services. Last year the amount was $5,398. This year, the amount increased to $5,452.
This new monthly maximum effects motor vehicle accidents occurring between October 1, 2016 and September 30, 2017.
The amount of the yearly increase is based upon cost of living adjustments, the rate of inflation and other factors.