Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
People and Places
Oct 25 2004 // William Hickey Chicago-based insurance industry investment banker Cochran, Caronia & Co. has named William Hickey its chief operating officer. Hickey is responsible for spearheading the firm’s strategic planning...
Lobby: Many Mich. Consumers Will Pay More if Scoring Ban Approved
Oct 20 2004 // Many consumers will pay more for home and auto insurance if a state-proposed rule to ban the use of credit-based insurance scoring discounts in Michigan becomes effective next year, a lobbyist for the state’s...
PCI BRIEF ARGUES FOR MICH. MEDICAL BILL REVIEW:
Oct 11 2004 // A Michigan court of appeals was correct in its determination that no–fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or unnecessary, the...
People & Places
Oct 11 2004 // Columbus, Ohio–based surplus line insurer Century Surety Co. announced the promotions of both Erin E. Alward to chief financial officer and Steve R. Young to chief investment officer. Erin Alward Alward has more than...
Mich. Insurer Group Taps Former Auto Industry Lobbyist as New Executive Director
Sep 28 2004 // The Lansing, Mich.-based Insurance Institute of Michigan has named a former lobbyist for the auto industry as its new executive director. Peter Kuhnmuench will start Oct. 11, 2004 and previously served as legislative...
Mich. Complaints Down 12% From 2002
Sep 17 2004 // Virtually every line of insurance coverage saw reductions in the number of complaints to the Michigan agency which regulates the industry. The Michigan Office of Financial and Insurance Services received 5,816 complaints...
Claramunt and Ladd to Be Inducted Into Mich. Insurance Hall of Fame
Sep 15 2004 // The Michigan Insurance Hall of Fame will induct two new members at its annual ceremony Wednesday on the campus of Olivet College. Morrall M. Claramunt will be inducted as a 2004 member of the Michigan Insurance Hall of...
PCI Brief Argues Mich. No-Fault Insurers Have Right to Review Medical Bills
Sep 14 2004 // A Michigan court of appeals was correct in its determination that no-fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or unnecessary, the...
Mich. No-Fault Insurers Have Right, Obligation to Review Medical Bills
Sep 9 2004 // A Michigan court of appeals was reportedly correct in its determination that no-fault insurers have the right to review medical bills, and to pay lesser amounts if they deem any procedures to be unreasonable or...
Mich. Privacy Rules Take Effect
Aug 26 2004 // Michigan Office of Financial and Insurance Services (OFIS) Commissioner Linda A. Watters announced that new rules designed to help protect the security and confidentiality of insurance companies’ customer information...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Aug 9 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
NAMIC Opposes Proposed Mich. Ban on Scoring
Aug 4 2004 // The Indianapolis-based National Association of Mutual Insurance Cos. (NAMIC) has submitted testimony to the Michigan Office of Financial and Insurance Services (OFIS) in opposition to a proposed rule that would ban the use...
The Guaranty Fund System: A Vital Safety Net
Jul 22 2004 // Suzanne Sahakian Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and...
MI-Assistant: On the Brink
Jul 20 2004 // From the brink of the dustbin to the brink of a bright future, it’s been a bumpy ride recently for MI-Assistant, the Eleva, Wis.-based agency solutions provider. In the cutthroat world of competitive rating and...
CONSUMER GROUPS KNOCK MICH. INSURERS’ ‘DISHONESTY’ ON CREDIT SCORING:
Jul 19 2004 // Two consumer advocacy groups released a statement criticizing Michigan auto and homeowners insurers for “false statements” about insurance credit scoring and Gov. Jennifer Granholm’s proposed regulation...
Mich. DOI Report Details Auto Repair Rights
Jul 19 2004 // A new report released by the Michigan Office of Financial and Insurance Services aims to give consumers a better understanding of their rights with regard to auto repair under the state’s no-fault policy. The report,...
MI-Assistant: Midwest Solutions Provider is On the Brink
Jul 19 2004 // From the brink of the dustbin to the brink of a bright future, it’s been a bumpy ride recently for MI-Assistant, the Eleva, Wis.-based agency solutions provider. In the cutthroat world of comparative rating and...
People and Places
Jul 19 2004 // Wayne Cwik As part of its previously announced management restructuring, Neenah, Wis.-based Jewelers Mutual Insurance Co. promoted Wayne Cwik to vice president of actuarial services and JMI Insurance Services. Cwik will...
The Guaranty Fund System: A Vital Safety Net
Jul 19 2004 // Property/casualty guaranty funds were created by state statutes beginning in the late 1960s to protect the public against financial losses to policyholders and claimants as a result of property and casualty insurance...
Losses Drive High Cost of Detroit Metro Auto Coverage, Insurance Lobby Says
Jul 14 2004 // Higher claims frequency and severity make it twice as expensive for insurers to offer full auto and homeowners coverage to residents in metropolitan Detroit than the state as a whole, according to a recent study conducted...
