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Governor Snyder proposes insurance reform

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Michigan Governor Rick Snyder talks about the future of the city of Detroit during a news conference in Detroit, Michigan February 21, 2013.
Michigan Governor Rick Snyder talks about the future of the city of Detroit during a news conference in Detroit, Michigan February 21, 2013.

LANSING (WKZO) -- In an attempt to reduce insurance costs, Governor Snyder proposes reforms to the state's no-fault system.

Under the governor's plan benefits paid to people critically injured in a crash would be capped at one million dollars.  The current system which was implemented 40-years-ago is, according to Governor Snyder, "long overdue for review."

When it comes to insurance rates, Michigan is the eighth most expensive state in the country.

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