Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
Michigan DOI Study Finds Competition Doesn’t Equal Affordability
Apr 4 2005 // Michigan’s Office of Financial and Insurance Services last month released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
MCCA HIKES ASSESSMENT 11%:
Apr 4 2005 // The Michigan Claims Catastrophic Association increased its annual assessment to insurers by 11 percent to $141.70 per insured vehicle from $127.24, drawing sharp criticism from the state’s insurance regulator. In a...
Insurers File Suit to Stop Mich. Credit Scoring Ban
Mar 29 2005 // As planned, a group of Michigan property/casualty insurers has filed a lawsuit challenging the state’s new rule set banning their use of credit scores in auto and homeowners insurance and reducing base...
Mich. Catastrophic Claims Assessment Up 11%
Mar 25 2005 // The Michigan Claims Catastrophic Association increased its annual assessment to insurers by 11 percent to $141.70 per insured vehicle from $127.24, drawing sharp criticism from the state’s insurance regulator. In a...
Mich. DOI Study Finds Competition Doesn’t Equal Affordability; Insurers Say Losses Driving Rates
Mar 24 2005 // Michigan’s Office of Financial and Insurance Services last week released the results of its long-awaited study of competitiveness in the state’s insurance market. While the report found competition under the...
POLL: MAJORITY SUPPORTS TAX PLAN
Mar 21 2005 // A slim majority supports Gov. Jennifer Granholm’s plan to shift the tax burden on Michigan businesses from manufacturing and re-search firms onto insurers, according to a poll commissioned by the Michigan Association...
No, Michigan!
Mar 21 2005 // Imagine there’s a 200-pound boulder crushing your left foot underneath. It hurts like all get out and it’s left you immobile. To relieve the unbearable pain and get going again, you gather a group of friends...
PCI Reports Mich. Supreme Court Rules for Insurers on Medical Charges
Mar 17 2005 // The Supreme Court of Michigan recently ruled that the state’s No-Fault Insurance Act prohibits health care providers from charging more than a reasonable fee for services and left it up to lower courts to determine...
Mich. Lawmakers Pass Bill to Repeal State Helmet Law, According to AAA Michigan
Mar 17 2005 // Michigan lawmakers on Thursday passed Senate Bill 297, which repeals the state’s 36-year-old mandatory motorcycle helmet law. It is estimated that the repeal will result in 22 additional fatalities each year, along...
Insurers Say Granholm’s Premium Tax Hike Will Hurt Mich. Consumers
Mar 14 2005 // The Washington, D.C.-based American Insurance Association recently voiced strong opposition to Michigan Gov. Jennifer Granholm’s proposal to shift hundreds of millions of dollars in taxes onto the insurance industry,...
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
Mar 14 2005 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the...
Mich. Poll: Majority Supports Granholm’s Tax Plan
Mar 8 2005 // A slim majority supports Gov. Jennifer Granholm’s plan to shift the tax burden on Michigan businesses from manufacturing and research firms onto insurers, according to a poll commissioned by the Michigan Association...
Mich. Homeowners Premiums Below National Average
Mar 7 2005 // Homeowners insurance in Michigan is apparently a good buy. The $470 average premium for Michigan homeowners insurance is below the national average of $538. According to a study by the National Association of Insurance...
As Michigan Agents Gather, Industry Finds Itself in Crosshairs
Mar 7 2005 // The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in underwriting was...
As Mich. Agents Gather, Industry Finds Itself in Crosshairs
Mar 4 2005 // GRAND RAPIDS, Mich.—The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in...
Mich. Panel Objects to Rule Banning Insurance Scoring, but Can’t Stop It
Feb 22 2005 // The Michigan Legislature’s Joint Committee on Administrative Rules last week voted to object to the Granholm administration’s proposed rule that would ban credit-based insurance scoring and roll back base...
Mich. Insurers Say Consumers Lose in Gov. Granholm’s Tax Plan
Jan 27 2005 // A proposal to more than double the tax burden on the state’s insurance industry announced by Governor Jennifer Granholm today will result in higher premiums for the insurance-buying consumer, the Insurance Institute...
Sentry Acquires ALF Insurance Agency of Michigan
Jan 25 2005 // Stevens Point, Wis.-based mutual Sentry Insurance has purchased ALF Insurance Agency of Michigan Inc. from Dennis Hoyes. ALF has consistently ranked as one of Sentry’s largest agencies for specialty auto policies....
People & Places
Jan 24 2005 // Andy Schor Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters named Andy Schor as the new public information officer. As PIO, Schor’s responsibilities will be to share the priorities...
Rules Banning Credit Scoring Go to Mich. Panel for Approval
Jan 24 2005 // LANSING, Mich.–Michigan Gov. Jennifer Granholm and Office of Financial and Insurance Services Commissioner Linda A. Watters have sent a legislative panel a set of proposed rules to reduce base insurance rates and...
