Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
Steak n Shake Increases Its Bid for Fremont Michigan InsuraCorp
Dec 31 2010 // Texas-based Biglari Holdings Inc., parent company of the Steak n Shake restaurants, has increased its proposal to acquire 100 percent of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp Inc....
Test Your 2010 Insurance News IQ: 25 Questions
Dec 31 2010 // Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by...
Family of Michigan Man Shot by Police Sues City
Dec 29 2010 // The family of a 39-year-old man who was fatally shot by three Sterling Heights police officers is suing the Detroit suburb. A civil lawsuit filed by Matthew Moroni’s family in U.S. District Court in Detroit claims...
Michigan Township’s Fight Over Cottage Costs Insurer, Taxpayers
Dec 28 2010 // The resistance by one community in Michigan’s rural Thumb to a couple’s plans to renovate the Lake Huron shoreline cottage has led to an $860,000 federal court damage award against the township. The $100,000...
Business Moves
Dec 20 2010 // Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively...
Rating Recaps: PrimeOne, Berkshire Hathaway (Notes), Safety National
Dec 17 2010 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” to Michigan-based PrimeOne Insurance Company, both with stable outlooks. The ratings of...
A.M. Best Affirms Ratings of Michigan Insurance Co.
Dec 9 2010 // A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Michigan Insurance Co. based in Grand...
A.M. Best Downgrades Michigan Commercial Insurance Mutual
Dec 8 2010 // A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Michigan Commercial Insurance Mutual (MCIM) in Lansing,...
Donegal Group Inc. Acquires Michigan Insurance Co.
Dec 7 2010 // Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated...
Reward Offered in Killing of Michigan Insurance Agent 3 Years Ago
Dec 6 2010 // Three years after insurance agent Janna Kelly went missing, friends are hoping a $50,000 reward will help solve the mystery of who abducted and ultimately killed the 60-year-old Grand Rapids, Michigan woman. Kelly last was...
Fremont Michigan Gets $7 Million Credit Line
Dec 6 2010 // Fremont Michigan InsuraCorp, Inc. said it has closed on a $7 million unsecured line of credit with The Huntington National Bank. The company does not need to access the credit for any reason immediately, according to...
People
Dec 5 2010 // Nebraska Gov. Dave Heineman appointed Bruce Ramge of Omaha to serve as the director of the Nebraska Department of Insurance (DOI). He has served as acting director since October 30, and has served as deputy director of the...
Michigan Jury Hears Case on Employer’s Liability for Drunk Employee
Dec 2 2010 // Should an employer be held liable for a fatal car crash caused by a drunken driver who was an executive of the firm? A federal jury in Michigan is hearing the wrongful death suit brought by Gary Weinstein, whose wife and...
Best Affirms Fremont’s ‘A-‘ Ratings
Nov 22 2010 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Fremont Insurance Company, as well as the ICR of “bbb-” of its...
Blue Cross Rate Increase Temporarily Blocked in Michigan
Nov 18 2010 // An Ingham County Circuit judge has stopped Blue Cross Blue Shield of Michigan from implementing rate increases as high as 66 percent for some seniors. Tuesday’s preliminary injunction also requires a public meeting...
Michigan Chamber Adds Kaplan as Sr. Director of Insurance Services
Nov 17 2010 // The Michigan Chamber of Commerce announced that Kevin Kaplan has joined the statewide business organization as senior director of Insurance Services. Kaplan comes to the Michigan Chamber with a strong background and...
Court Hears Michigan Wal-Mart Medical Marijuana Firing Case
Nov 15 2010 // A federal judge on Friday heard arguments in the case of a medical marijuana user claiming a Michigan Wal-Mart store wrongfully fired him after testing positive for the drug. U.S. District Judge Robert Jonker in Grand...
Sore Losers Don’t Always Win
Nov 14 2010 // Project Engineer Defeats Suit Brought by Unsuccessful Bidder The online Urban Dictionary defines a “sore loser” as “someone who loses in a fair competition but whines about it on a constant basis, blaming...
Elections Stir Up Political Mix in Midwest
Nov 14 2010 // Republicans made big gains across the United States – and the Midwest was no exception – in the November 2 midterm elections. Across the country, GOP gains gave the party its largest number of seats in state...
Declarations
Nov 14 2010 // Too Long to Wait “Four years is too long a period to wait when you know what is going on is just not right and not correct. … Anywhere else in business they’d kick a guy out on the street if he’s not...
