Officials now say 207 homes were damaged in last week’s tornado in Dexter, Mich., and about 20 will need to be demolished. Dexter Area Fire Chief Loren Yates provided the figures on March 19. Officials initially said the March 15 …
Michigan drivers will pay $30 more for auto insurance starting July 1 to care for accident victims who have brain damage, paralysis or other catastrophic injuries, raising the annual fee to $175 per vehicle. The Michigan Catastrophic Claims Association announced …
A published report says Detroit, Mich., has $20 million intended to demolish burned-out dwellings that’s sitting unused. The Detroit Free Press reports that the money is part of the Fire Insurance Escrow Fund. It was created by a law requiring …
Meadowbrook Insurance Group Inc., headquartered in Southfield, Mich., reported an 11.6 percent increase in revenue for the full year 2011 and a GAAP combined ratio of 99.7 percent compared to 95.0 percent in 2010. Net income for the year was …
Daly Merritt Insurance, an insurance agency headquartered in Wyandotte, Mich., has opened a new office in Ann Arbor. Daly Merritt Insurance also has an office in Monroe, Mich. This third location will allow the agency to better address the needs …
San Francisco-based ISU Network announced that two new independent insurance agencies in the Midwest have joined the agency group. ISU welcomed ISU Papineau Insurance of Tioga, N.D., and ISU Cherris Insurance Agency of Farmington Hills, Mich. Papineau Insurance’s David Papineau …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Michigan-based Fremont Insurance Company, and has also affirmed the FSR of ‘A’ (Excellent) and …
A.M. Best Co. has upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Fremont Insurance Co. (Fremont) of Fremont, Mich. In addition, A.M. Best has affirmed the …
Several fireworks companies are suing over what they call Michigan’s excessive insurance requirements under a new state law. The companies filed suit on Feb. 1 in Detroit federal court seeking to overturn a requirement to obtain $10 million in liability …
Lansing, Mich.-based workers’ compensation insurer, Accident Fund Insurance Co. of America, has selected Cambridge Underwriters Ltd. of Livonia, Mich., as its 2011 Agency of the Year. “Cambridge has been a great partner in writing a sizable amount of business with …
