Michigan Department of Insurance and Financial Services News

Professional Casualty Association Enters Michigan Medical PL Market

Medical professional liability insurer, Professional Casualty Association (PCA), has been approved for operations by the Michigan Department of Insurance and Financial Services as a licensed and admitted carrier, effective Nov. 2, the company announced. The company’s products will be offered …

Michigan’s Consumers Mutual to Exit Health Insurance Market

Consumers Mutual Co-Op, in consultation with the Michigan Department of Insurance and Financial Services (DIFS), has decided to enter into a run off of its health insurance business, the DIFS announced. Consumers Mutual made the difficult decision to not participate …

Michigan’s PIP Maximum Work Loss Benefit Rises Slightly

The maximum work loss benefit payable under policies of personal protection insurance in Michigan will rise very slightly for the year beginning Oct. 1, the Michigan Department of Insurance and Financial Services announced. In Bulletin 2015-20-INS, DIFS Director Patrick M. …

Michigan Insurance Regulators: Consumer Complaints Up in 2014

Announcing it assisted 172,913 consumers across the state in 2014, the Michigan Department of Insurance and Financial Services said consumer complaints increased last year compared to 2013. Health insurance generated the most complaints in 2014 with 1,795 formal complaints, followed …

Michigan Insurance Regulators Suspend Licenses of Agent, Agency

The Michigan Department of Insurance and Financial Services (DIFS) has summarily suspended the licenses of insurance agent Daniel Castle and Mears Insurance Agency. Mears marketed business through the website theatreinsurance.com and the “National Community Theatre Coalition”, a theater insurance program …

McPharlin Tapped to Head Michigan Dept. of Insurance & Financial Services

Gov. Rick Snyder has named Pat McPharlin, of Laingsburg, as the new director of the Michigan Department of Insurance and Financial Services. He will replace outgoing director Ann Flood. McPharlin previously served as CEO of Michigan State University Federal Credit …

Michigan Orders Unlicensed Auto Insurer to Shut Down

The Michigan Department of Insurance and Financial Services has issued a cease and desist order to an unlicensed auto insurance provider, Great Lakes Michigan Insurance Company, its owner and associated businesses. The department’s order names the insurance company, Great Lakes …

Flood Appointed Michigan’s Insurance Director; Clinton Named State Treasurer

Ann Flood has been selected to lead the Michigan Department of Insurance and Financial Services upon the appointment of current Commissioner Kevin Clinton as state treasurer, the office of Gov. Rick Snyder announced. Clinton replaces Andy Dillon as state treasurer; …