Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
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....
News Briefs
May 23 2005 // MICHIGAN Commissioner Appeals Credit Scoring Decision 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...
Mich. DOI Releases 2005 Auto Insurance Buyers’ Guide
May 18 2005 // Michigan’s Office of Financial and Insurance Services issued the 2005 Buyers’ Guide to Auto Insurance. The guide contains information and tips about purchasing auto insurance as well as the results of a survey...
Mich. Appeals Credit Scoring Decision
May 13 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...
Michigan Judge Stops Insurance Scoring Ban
May 9 2005 // In a scathing opinion that sides with insurers on nearly all points of fact and law, Barry County Court Judge James Fisher declared illegal a rule set banning insurance scoring and reducing base rates. “The...
Mich. Gov. Makes Appointments to Workers’ Comp Appellate Commission
May 2 2005 // Michigan Gov. Jennifer Granholm announced the following recent appointments to the Workers’ Compensation Appellate Commission: Gregory Przybylo of Okemos, attorney in private practice. Przybylo is appointed for a...
Mich. Judge Rules Insurance Scoring Ban Illegal
Apr 26 2005 // Michigan’s Office of Financial and Insurance Services overstepped its authority in issuing rules that prohibited the use of credit-based insurance scores, according to a Michigan Circuit Court judge. In the case of...
Mich. Patient Safety Group to Hold Public Meeting
Apr 25 2005 // A coalition of 15 Michigan organizations that was asked to provide recommendations to Gov. Jennifer Granholm on how to improve patient safety and reduce health-care errors will hold a public meeting Thursday, April 28. At...
INSURERS FILE SUIT TO STOP CREDIT SCORING BAN
Apr 18 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...
OFIS Highlights Consumer Protection Actions In 2004
Apr 13 2005 // The Office of Financial and Insurance Services released a sample list of actions taken on behalf of Michigan consumers in the last two quarters of 2004. The list is comprised of a series of Commissioners Orders for...
