Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
Michigan Consumers Eligible for Payment from Aon
Aug 18 2005 // The Office of Financial and Insurance Services (OFIS) announced that Michigan consumers will receive compensation as part of a negotiated settlement with insurance brokerage Aon Corporation. Nearly 8,000 Michigan citizens...
Forty Michigan Workers Scam $100,000 in Unemployment Scheme
Aug 10 2005 // Eleven workers in western Michigan have been found guilty of unemployment insurance fraud for collecting more than $100,000 in benefits to which they were not entitled. Twenty-nine others face strong administrative action...
HIGH COURT REJECTS MEDICAL MONITORING:
Aug 8 2005 // The Michigan Supreme Court has in a 5-2 decision rejected medical monitoring as a cause of action in a case where the plaintiffs had not alleged present physical injury. The American Tort Reform Association (ATRA) had...
News Briefs
Aug 8 2005 // National Poll Reveals Americans’ Views on Aging: A poll by the MetLife Mature Market Institute conducted by Zogby International shows that 60 percent of Americans believe “old” is age 71 and over, but...
Affirmative Insurance Holdings Finalizes Mich. Underwriting Agency Purchase
Jul 19 2005 // Affirmative Insurance Holdings Inc., a producer and provider of personal non-standard auto insurance, announced the completion of a previously announced acquisition of the assets of IPA LLC, an underwriting agency with...
News Briefs
Jul 18 2005 // ILLINOIS Segal Sentencing Delayed Indefinitely for Psychiatric Evaluation Former Chicago insurance broker Michael Segal’s sentencing for a federal conviction on 19 counts of fraud and racketeering related to nearly...
AUTO RATES UP 4% IN 2004
Jul 18 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
Mich. Sponsors Comp Seminar
Jul 7 2005 // The Michigan Department of Labor and Economic Growth and the State Bar of Michigan have teamed up to develop a four-part seminar series about workers’ compensation, beginning Aug. 3. The series, aimed at lawyers and...
ACUITY Names New Mich. Underwriter, Adds Board Director
Jul 6 2005 // Sheboygan, Wis.-based regional property/casualty insurer ACUITY announced Christina Hess recently joined ACUITY’s staff as a commercial field underwriter for the insurer’s Michigan region. Prior to joining...
INSURERS BACK MANAGED CARE FOR AUTO:
Jul 4 2005 // The Insurance Institute of Michigan said it supports a legislative proposal that would allow policyholders to choose a managed care option for their medical coverage under the state’s no-fault auto insurance system...
News Briefs
Jul 4 2005 // ILLINOIS Feds Subpoena CNA on Finite Reinsurance: Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite...
Mich. Auto Rates Up 4% in 2004
Jun 28 2005 // The average cost of an auto insurance policy in Michigan increased 4 percent in 2004, according to a study by the Insurance Institute of Michigan. The average auto insurance premium in 2004 was $1,130, compared to $1,086...
Affirmative Acquires Assets of Mich. Underwriting Agency
Jun 21 2005 // Addison, Texas-based Affirmative Insurance Holdings Inc. announced that it has signed a definitive agreement to acquire the assets of IPA LLC, an underwriting agency with operations in Michigan. The underwriting agency...
People
Jun 20 2005 // Jennifer Fahrenkrug has been promoted to territory manager at Sheboygan, Wis.-based regional property/casualty insurer ACUITY and will handle the company’s Michigan and Northern Ohio territories. Meanwhile, Kelly...
For Boat Owners and the Agents Who Write Them, Location and Experience Matter
Jun 6 2005 // There were more than 17.6 million recreational boats in use in the United States in 2004, and an estimated 69 million people involved in boating activities, according to the National Marine Manufacturers Association. Since...
Survey: Consumerism Gaining Foothold in Group Benefits for Mich. Mid-Market
May 24 2005 // Troy, Mich.-based benefits broker McGraw Wentworth released the results of its 2005 Southeast Michigan mid-market group benefits survey. The survey compares benefit plans and trends among 465 mid-sized organizations in...
COMMISSIONER APPEALS CREDIT SCORING DECISION
May 23 2005 // The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their home and automobile insurance rates. Attorneys for...
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
May 23 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...
AGENTS MAKE CASE AGAINST TAX HIKE ON INSURERS
May 23 2005 // The Michigan Association of Insurance Agents said that Gov. Jennifer Granholm’s plan to revise the state’s Single Business Tax will penalize small businesses, diminish employment opportunities and raise...
4 St. Louis-Area Men Convicted in $3.5 Million Arson Scheme
May 23 2005 // Four St. Louis-area men were convicted Wednesday of federal charges related to the torching of four grocery stores as part of a scheme to collect more than $3.5 million in insurance claims. After a 13-day trial, a U.S....
