MI| The Michigan Department of Insurance and Financial Services has issued Bulletin 2025-04-INS which updates the annual adjustments for the Michigan Property and Casualty Guaranty Association. For the period from January 1, 2025, to December 31, 2025, the insured’s net worth limit has been set at $38,900,000, and the covered claim cap has been adjusted to $7,780,000. These adjustments are based on changes in the Consumer Price Index and are rounded to the nearest $10,000.
- The adjustments are mandated by the Property and Casualty Guaranty Association Act (MCL 500.7901 et seq.) and are certified annually by the Director of the Department of Insurance and Financial Services.
- This bulletin supersedes the previous Bulletin 2024-04-INS issued on January 16, 2024, ensuring that the most up-to-date information is in effect.
