Midwest News

Issuer Credit Rating of Ohio’s Affinity Mutual Insurance Co. Downgraded

A.M. Best announced it has has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …

Michigan Insurance Agent Sentenced for Embezzling $800K from Clients

A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …

PolyMet Secures $544M in Surety Bonds, Funding for Wisconsin Mine Costs

PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a controversial copper-nickel mine it …

200 Homes Evacuated as South Dakota Wildfire Grows

Strong winds are fanning the flames of a growing wildfire in South Dakota, pushing the fire beyond the borders of the Custer State Park and prompting new evacuations. Custer County Emergency Management director Mike Carter said Wednesday that residents of …

WCRI: Michigan Medical Payments per Work Comp Claim Relatively Low

Medical payments per workers’ compensation claim in Michigan were among the lowest of 18 state workers’ compensation systems analyzed in a new study by the Workers Compensation Research Institute (WCRI). The study, CompScope Medical Benchmarks for Michigan, 18th Edition, examined …

Illinois’ Olsick & Company Insurance Agency Joins Keystone

Olsick & Company Insurance, located in Willowbrook, Illinois, has joined Keystone Insurers Group (Keystone), the companies announced. The agency is Keystone’s 18th partner in Illinois. The announcement was made jointly by Olsick President Bryan Olsick and Keystone’s State Vice President …

A.M. Best Upgrades Outlooks for Petroleum Marketers Management Insurance

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating A- (Excellent) and the Long-Term Issuer Credit Rating “a-” of Des Moines, Iowa-based Petroleum Marketers Management Insurance Co. (PMMIC). The ratings reflect PMMIC’s balance …

Illinois Jury Awards $5M to Nurse Fired After Reporting Alleged Abuse

A central Illinois jury has awarded $5.2 million to a nurse who claims she was fired from a nursing home after reporting alleged abuse. The (Bloomington) Pantagraph reports Katrina Wesemann worked as a licensed practical nurse at a Dwight facility …

Police: Explosion at Detroit Commercial Building Leaves 1 Dead

Authorities say one person is dead after a pressurized tank apparently exploded at a commercial building on Detroit’s east side. Detroit police Capt. Mark Thornton says two people were at the building Monday night when one of them left to …

5 Sentenced in Ohio for Insurance Fraud

The Ohio Department of Insurance reported that five people were recently sentenced for insurance-related crimes following investigations by the department. Clermont County/Shandell Thomas and Aaron Thomas In October, Shandell Thomas, of Cincinnati, was sentenced in court to five years of …

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