With all that's going on with the economy, and with the exceptionally bad unemployment figures in places like Michigan, there is a growing call from government officials, consumer organizations, and pundits for big companies to help the little guy out until this blows over. Last month, Michigan governor Jennifer Granholm joined the call, asking auto insurance companies to freeze personal auto insurance rates in the state for 12 months.
Several of the state's smaller insurers heard the call and have pledged to freeze rates until February 2010. Among the 12 carriers taking the pledge are Great Lakes Casualty Insurance Company, Merchants Mutual, and Liberty Mutual. Kudos to them for putting their policy holders ahead of profits.
Conspicuously absent from the pledge were the insurers that make up nearly 50% of Michigan's market.