Michigan Gov. Rick Snyder has formed a new division to investigate fraud within the auto insurance, health insurance and banking sectors. The anti-fraud unit will be housed within the Department of Insurance and Financial Services. The move follows discussion in …
A bulletin issued by Michigan Department of Insurance and Financial Services Director Patrick McPharlin is warning insurance producers against the prohibited practice of “sliding.” According to DIFS Bulletin 2018-12-INS, the practice is “defined as an agent’s failure to fully disclose …
A group defending Michigan’s auto insurance system says it has uncovered instances of insurers illegally selling more expensive policies to women and widowed drivers, raising questions about state oversight of rating practices as the industry pushes lawmakers to contain high …
State insurance regulators are seeking public comment on requested health insurance policy rate changes. The Department of Insurance and Financial Services said that insurers’ proposed changes for individual rates in 2017 range from about 39 percent to about 6.7 percent. …
The Michigan Department of Insurance and Financial Services announced that the insured’s maximum refund of unearned premiums available from the state’s Property and Casualty Guaranty Association has been changed. The adjustment is made annually to reflect changes in the cost …
The Department of Insurance and Financial Services (DIFS) Office of Consumer Services assisted 8,353 consumers across the state and helped recover more than $1.7 million. “We strive to create and maintain active relationships with both consumers and licensees in the …
Universal Insurance Holdings Inc. subsidiary, Universal Property & Casualty Insurance Co. (UPCIC), has written its first homeowners insurance policy in Michigan, the company announced. The initial policy was written after Michigan Department of Insurance and Financial Services approved UPCIC’s homeowners …
The Michigan Department of Insurance and Financial Services said its Office of Consumer Services assisted 8,698 consumers across the state and helped recover $422,195 during February. DIFS Director Patrick McPharlin said some notable recoveries staff assisted with were: Helping a …
Michigan’s insurance and financial services regulators say the number of consumer complaints is on the rise and that more than 7,400 consumers were assisted during January alone. The Department of Insurance and Financial Services reported that in January of this …
The Michigan Department of Insurance and Financial Services has adjusted the insured’s net worth limit and covered claim cap for determining the status of a claim against the state’s Property and Casualty Guaranty Association. Director Patrick McFarland has set the …
