CHICAGO--(BUSINESS WIRE)--Fitch Ratings has published a special report titled 'Michigan Personal Auto Insurance,' which is available on www.fitchratings.com. Michigan's approach to automobile insurance is unique relative to other states creating specific underwriting, credit, and regulatory risk exposures for market participants. Michigan is one of only 12 states that operate on a no-fault basis. In no-fault states, policyholders are typically compensated for losses from their own insurer regar