The Michigan Department of Consumer & Industry Services has formally launched the Office of Financial and Insurance Services (OFIS). The new agency began operations Monday. Frank Fitzgerald is the new Commissioner of the OFIS, which has responsibility for regulating the insurance, financial and securities industries in Michigan. Gov. John Engler created the OFIS in response to the Gramm-Leach-Bliley Act passed late last year, consolidating Michigan’s insurance, financial institutions and securities oversight into one entity.
Topics Michigan
Was this article valuable?
Here are more articles you may enjoy.
Florida Insurance Agency VP Sentenced to 3 Years in Massive ACA Fraud Scheme 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In 
