Category archive: Michigan

Michigan Supreme Court: UTPA Penalty Interest Proper for Untimely UIM Benefit Payments

Summary: Insured injured in a car accident claimed underinsured motorist (UIM) benefits because the adverse driver was insufficiently insured. The insured asked the court to assess penalty interest under the Uniform Trade Practices Act (UTPA) for payments made far beyond the statutory deadline. The trial court and Court of Appeals refused  finding that penalty interest…