Latest Michigan Headlines
All the headlines from our Michigan Topic Page, ordered by recency.
J.M. Wilson in Michigan Promotes Kiser to Personal Lines Manager
Apr 16 2009 // Portage, Michigan-based managing general insurance agency J.M. Wilson has promoted Stacey Kiser to manager of Personal Lines and assistant manager of Property/Casualty. She will oversee the day-to-day activities of the...
Judge Blocks Michigan’s Challenge to Insurance Rates with Credit Scores
Apr 10 2009 // Barry County Circuit Judge James Fisher issued an injunction on Friday, April 10, preventing Michigan insurance regulators from challenging insurance companies’ home and auto insurance rate filings that use credit...
Michigan Challenging New Home Insurance Filings Based on Credit
Apr 9 2009 // The Michigan Office of Financial and Insurance Regulation (OFIR) announced April 7 that all new rate filings by homeowners insurance companies that rely on insurance credit scoring as a factor in determining their...
Michigan Auto Insurance Fee for Serious Injuries to Rise
Apr 1 2009 // Michigan motorists will pay $20.31 more this year to a fund helping support seriously injured accident victims. The Michigan Catastrophic Claims Association this week raised the annual assessment to $124.89 per...
Michigan Bank VP Claims He Was Fired For Questioning CEO’s Bonus
Mar 27 2009 // A banker has sued Citizens Republic Bancorp in Michigan, saying he was fired for questioning a $7.5 million bonus for the company’s chief executive on the eve of a federal bailout payment. John D. Schwab filed a...
Business Moves
Mar 23 2009 // Auto Club Insurance, MEEMIC Auto Club Insurance Association, a Dearborn, Michigan-based insurer, reported it has agreed to acquire MEEMIC Insurance Co. and its insurance agency affiliate, MEEMIC Insurance Services...
Michigan’s Auto Insurance Rate Denials Reignite Credit Scoring Fight
Mar 23 2009 // Michigan’s regulator has reignited a debate over credit scoring by denying auto insurance companies requested rate increases because their proposed rate schemes include discounts for good credit scores. Commissioner...
Michigan Retirement Plan Is Lead Plaintiff in Securities Suit Against AIG
Mar 23 2009 // Michigan Treasurer Robert Kleine and Attorney General Mike Cox say Michigan has been named lead plaintiff in a class action lawsuit against American International Group Inc. (AIG). The State of Michigan Retirement Systems...
Snowmobile Deaths in Michigan Decline
Mar 20 2009 // Deaths from snowmobile crashes decreased slightly in Michigan this winter, despite the heavy snowfall. The Michigan Association of Insurance Agents says 20 people died from injuries in snowmobiling accidents, down from 22...
Fired Michigan Salesman Sues, Claiming Weight, Age Bias
Mar 20 2009 // A 61-year-old Bloomfield Hills, Michigan man has sued his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. But the employer says Patrick J. Ronayne was let go...
Michigan Lawmakers Seek to Change Drug Maker Liability Law
Mar 20 2009 // Michigan House Democrats again are trying to change Michigan’s law shielding prescription drug makers from legal liability if their product was approved by the Food and Drug Administration. A House committee approved...
Reisling Joins Motorists Mutual Commercial Lines in Ohio, Michigan
Mar 19 2009 // Kelly Reisling is joining Motorists Mutual Insurance Co. as assistant vice president, Commercial Lines Division, responsible for the Ohio and Michigan territories. Reisling brings 20 years of experience to the position....
Michigan Uncovers Agency’s Fake Auto Insurance Certificate Scheme
Mar 18 2009 // Michigan officials have warned consumers that they may have unknowingly purchased fraudulent automobile insurance certificates from a Detroit-based insurance agency named Fender Bender Insurance Agency. The Office of...
Michigan Denies Auto Insurance Rate Hikes Because of Credit Scoring
Mar 11 2009 // Michigan’s regulator has reignited a debate over credit scoring by denying auto insurance companies requested rate increases because their proposed rate schemes include discounts for good credit scores. Commissioner...
Japanese Officials Hear About Auto Insurance From Michigan Chief
Mar 10 2009 // Last week, Michigan Insurance Commissioner Ken Ross met with Japanese officials to discuss how the agency regulates automobile insurance in Michigan. The Michigan officials met with Kunio Nakajima, director of Government...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Illinois, Michigan Among States Showing Declines in Auto Deaths
Mar 9 2009 // Automobile fatalities declined in 40 states in 2008, a sign that traffic deaths could dip to their lowest levels in four decades. The Governors Highway Safety Association said that vehicle deaths dropped in 40 states and...
Business Moves
Mar 9 2009 // Marsh Marsh & McLennan Companies Inc., the No. 2 global insurance broker, said the 2008 restructuring at Marsh Inc., its flagship insurance brokerage unit, was on track to generate annual savings of $200 million, and...
Wholesale Insurance Broker USG Promotes Jones in Michigan Office
Mar 6 2009 // USG Insurance Services, Inc, a national wholesale broker of commercial insurance headquartered in Tampa, Fla., has promoted Andy Jones to senior underwriter at its Michigan branch. Jones was a manager for four years with...
A.M. Best: Positive Impact on MEEMIC of Sale to Michigan Auto Club
Mar 6 2009 // A.M. Best Co. has placed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of MEEMIC Insurance Co. in Michigan under review with positive implications. These rating...
