A.M. Best Co. has downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit rating to “bbb” from “a-” of Michigan Commercial Insurance Mutual (MCIM) in Lansing, Mich. The outlook for both ratings has been revised …
Donegal Group Inc. announced that it had completed the acquisition of Michigan Insurance Co., which was formerly a majority-owned subsidiary of West Bend Mutual Insurance Co. The final purchase price will be calculated based on the GAAP book value of …
Three years after insurance agent Janna Kelly went missing, friends are hoping a $50,000 reward will help solve the mystery of who abducted and ultimately killed the 60-year-old Grand Rapids, Michigan woman. Kelly last was seen alive Dec. 4, 2007, …
Fremont Michigan InsuraCorp, Inc. said it has closed on a $7 million unsecured line of credit with The Huntington National Bank. The company does not need to access the credit for any reason immediately, according to Richard E. Dunning, president …
Nebraska Gov. Dave Heineman appointed Bruce Ramge of Omaha to serve as the director of the Nebraska Department of Insurance (DOI). He has served as acting director since October 30, and has served as deputy director of the department since …
Legislate Commissions “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” —Charles E. Symington Jr., …
Commissions and the MLR “After hearing from various interested parties, if HHS does not fix this language before the rule is final, we hope that Congress will step in and revise the MLR formula through the legislative process.” —Charles E. …
A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of Cherokee Insurance Company. In addition Best has upgraded the ICR to “bbb” from “bbb-” of …
Top global insurance broker Aon Corp. looks to grow over the next couple of years on the back of improved pricing and a recent key acquisition, which appears to be attracting smart investors to the stock. While some analysts see …
Should an employer be held liable for a fatal car crash caused by a drunken driver who was an executive of the firm? A federal jury in Michigan is hearing the wrongful death suit brought by Gary Weinstein, whose wife …
