POLITICSMICHIGAN ADVANCE
Bill to ban ‘predatory’ price optimization by insurance companies advances to Michigan Senate floor
A bill sponsored by Michigan state Sen. Jeremy Moss to ban insurance companies from using price optimization practices advanced to the Senate floor. The bill, SB 1013, received unanimous support from the Senate Economic and Community Development Committee and aims to prevent insurers from setting premiums based on factors unrelated to risk, such as consumer shopping behaviors. The Insurance Alliance of Michigan has not opposed the bill, signaling potential momentum for its passage.
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