Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor
Jun 10 2009 // Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its...
MBA in Insurance Approved at Olivet College in Michigan
Jun 5 2009 // The Higher Learning Commission (HLC) of the North Central Association of Colleges and Schools has approved a Master of Business Administration (MBA) in Insurance degree program at Olivet College in Olivet, Mich. The HLC...
Michigan Suit Challenging AIG Bailout on Religious Grounds Proceeds
Jun 4 2009 // A Michigan man who is challenging the government’s bailout of American International Group has won an early legal victory. U.S. District Judge Lawrence Zatkoff recently refused to dismiss a lawsuit filed in December...
Michigan Mandates Insurers File Home, Auto Insurance Forms with State
Jun 4 2009 // Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them with the...
Ratings Recap: GeoVera, Catholic Knights, Auto Owners, Church Mutual
Jun 1 2009 // A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of Calif.-based GeoVera...
Fiat Agrees to Assume Chrysler’s Workers’ Compensation in Michigan
Jun 1 2009 // Michigan is dropping objections to the sale of Chrysler LLC after the buyer agreed to assume Chrysler’s workers’ compensation liabilities. The settlement announced last Friday averts a court fight. The state...
Michigan Termite Case Could Increase Liability for Real Estate Sellers
Jun 1 2009 // A dispute over termites before the Michigan Supreme Court could af-fect the liability of real estate sellers. When Richard and Stacey Roberts bought an old house on Michigan’s Leelanau Peninsula, they thought the...
Michigan Agent Walker Named to Big ‘I’ Executive Committee
May 28 2009 // David Walker of the Hartland Insurance Agency in Hartland, Michigan has been named to the Executive Committee of the Independent Insurance Agents & Brokers of America (IIABA). As an Executive Committee member, Walker...
Michigan Termite Case Could Hike Liability for Real Estate Sellers
May 18 2009 // A dispute over termites now before the Michigan Supreme Court could affect the liability of sellers of real estate. When Richard and Stacey Roberts bought an old house for $475,000 on Michigan’s scenic Leelanau...
No Resolution on Credit Scores
May 18 2009 // The use of credit scores by insurance companies in rating methodologies continues to be unresolved in several Midwest states, as evidenced by ongoing court battles and legislative actions aimed at tweaking existing...
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation
May 18 2009 // Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox has...
Herson Joins J.M. Wilson in Portage, Mich.
May 11 2009 // Managing general agency J.M. Wilson has added Erin Herson as a property and casualty underwriter in its Portage, Mich., location. In this position, Herson will quote and service commercial P/C accounts. Previously, she was...
Michigan Supreme Court to Hear Ban on Insurers’ Use of Credit Scoring
May 11 2009 // The Michigan Supreme Court has agreed to hear a case involving a ban on the use of credit scoring by insurance companies. In 2005, the Office of Financial and Insurance Regulation’s (OFIR) promulgated rules banning...
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation Funds
May 7 2009 // Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox filed...
Workplace Deaths Decline in Michigan
Apr 27 2009 // A new report says workplace accident deaths in Michigan have dropped significantly in the past two years. Michigan State University reported that 120 workers died on the job in Michigan in 2007, down from 157 in 2006. The...
Michigan’s InPro Insurance Hires Grosfield
Apr 20 2009 // Troy, Michigan-based InPro Insurance Group Inc., has hired Gregory V. Grosfield as a commercial insurance producer. Prior to joining InPro Insurance, Grosfield served as an account executive for Baker-Hopp & Yee in...
Judge Blocks Michigan’s Challenge to Insurers’ Use of Credit Scores
Apr 20 2009 // Barry County Circuit Judge James Fisher issued an injunction April 10 preventing Michigan insurance regulators from challenging insurers’ home and auto insurance rate filings that use credit scoring in determining...
It Figures
Apr 20 2009 // 480 Nationwide Mutual Insurance Co., based in Columbus, Ohio, on April 3, 2009, laid off 480 employees and contractors across the country, the latest round of job cuts from the insurance giant, a spokesman said. Nationwide...
Wisconsin-Based Vanguard Insurance Caught in Michigan Licensing Snafu
Apr 17 2009 // Michigan’s insurance regulator has ordered a Wisconsin-based managing general insurance agency, Vanguard Insurance Placement Inc., to immediately stop doing business in Michigan. According to the Michigan Office of...
Insurer Holds Naming Contest for Steer with Michigan Patterned Hide
Apr 17 2009 // An insurance company in Michigan is holding a contest to name a steer it saved from someone’s dinner table because of its unique hide. The pattern on one of its sides resembles Michigan’s Lower...
