The ultimate shrewdness is found not in the balance sheet, but in the qualitative excellence of the business.
- Manlobbi
Halls of Shrewd'm / US Policy
No. of Recommendations: 6
Just reported on the local news. No mention of his comments on the USMCA. The report only talked about his steadfast opposition to any continuation of the ACA.
Well maybe if he has that "burdensome, intrusive, big gummit, regulation" that requires insurance companies to actually pay legitimate claims repealed, then people could buy insurance cheaper? The insurance wouldn't pay anything, if they had a claim, but it would be cheaper, and they wouldn't discover it was worthless, unless they tried to make a claim.
Speaking of insurance, that Gecko is really cute, isn't he? Local news reported on a woman who was in an accident. She and her 12 year old daughter were not injured, but her car, worth about $25K, was totaled. Geico said that, because she did not list her daughter on her insurance (being only 12 years old, she would not be driving the car) her claim was denied, and Geico cancelled her insurance, retroactively, to the date of the last premium period.
I did a net search for a news item about that case, and got this from the net sifter. A lot of people are being trapped.
Several Michigan women have recently had GEICO claims denied or faced policy issues due to failing to list all household members, including infants and non-driving children, on their policies, a requirement under Michigan's No-Fault law for Personal Injury Protection (PIP) forms, leading to potential denials for injuries in accidents, though some cases are being resolved after media attention. This stems from state law requiring full household disclosure for PIP, even for those who don't drive, causing unexpected claim denials and stress for families, notes WDIV ClickOnDetroit
Steve
No. of Recommendations: 4
"Several Michigan women have recently had GEICO claims denied or faced policy issues due to failing to list all household members, including infants and non-driving children, on their policies, a requirement under Michigan's No-Fault law for Personal Injury Protection (PIP) forms, leading to potential denials for injuries in accidents, though some cases are being resolved after media attention. This stems from state law requiring full household disclosure for PIP, even for those who don't drive, causing unexpected claim denials and stress for families, notes WDIV ClickOnDetroit"
It sounds like this isn't a GEICO problem. It sounds like it is a state law problem.
No. of Recommendations: 1
It sounds like this isn't a GEICO problem. It sounds like it is a state law problem.
Yes, you are correct. Seems that requirement to list everyone in the household, whether they drive or not, is in the 2019 "reform".
From the net sifter:
Yes, other major insurers like AAA, Progressive, and State Farm also require listing all household members, including non-driving children, due to Michigan's 2019 auto law, leading to similar claim denials or cancellations as GEICO, though they might handle specific cases differently; it's a state-wide requirement, not just a GEICO issue.
Key Details:
Michigan Law: A 2019 Michigan law requires all household residents, regardless of age or driving ability, to be listed on auto policies, particularly for Personal Injury Protection (PIP) coverage, which is tied to the household.
Other Insurers Involved: Reports indicate that families with AAA, Progressive, and State Farm policies in Michigan have also faced similar claim denials or cancellations for failing to list children.
Reason for Denials: Failing to list a household member is a breach of the insurance contract, allowing companies to deny claims or cancel policies, as seen with GEICO and others.
Industry Standard: Insurance providers, including Progressive and State Farm, confirm this requirement, directing customers to the Insurance Alliance of Michigan for specifics, which emphasizes full disclosure for proper coverage
The "Insurance Alliance of Michigan" is the insurance industry bribe distribution consortium in Michigan.
Steve