All the headlines from our Michigan Topic Page, ordered by recency.
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...
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...
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 vehicle. The...
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...
Mar 23 2009 // Auto Club Insurance, MEEMICAuto 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 Corp....
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...
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...
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...
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...
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...
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....
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...
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...
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...
Mar 9 2009 // MarshMarsh & 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...
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...
Mar 9 2009 // MarshMarsh & 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...
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...
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...
Mar 5 2009 // 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 Corp.ACIA is the second largest...