The Michigan Uniform Trade Practices Act (UTPA) provides for 12% penalty interest on certain no-fault insurance claims that are not timely paid by the insurer. For “third party tort claimants,” penalty interest only applies...more
5/24/2017
/ Arbitration ,
Arbitration Awards ,
Auto Insurance ,
Car Accident ,
Denial of Insurance Coverage ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Interest Payments ,
No-Fault Insurance ,
Prompt Payment ,
Uninsured and Under-Insured Motorists