Michigan News

States Hosting International Insurance Regulators

The National Association of Insurance Commissioners (NAIC) welcomed 13 regulators from China, India, Korea, Lebanon, Republic of Srpska and Thailand to its International Internship Program for Education and Regulatory Cooperation. The fall program kicks off in Kansas City, Missouri this …

Biglari Holdings Makes Another Bid to Take Over Fremont Michigan

Texas- based Biglari Holdings, which runs Steak n Shake and other restaurants, is making another bid for the Michigan property/casualty insurer, Fremont Michigan InsuraCorp. Inc. The San Antonio holding company has proposed to acquire 100 percent of the stock of …

U.S. Judge Upholds Individual Mandate in Obama Healthcare Law

A U.S. judge Thursday upheld a key part of President Barack Obama’s signature healthcare law that requires Americans to obtain coverage, rejecting a challenge by a conservative interest group. The Thomas More Law Center filed a lawsuit in Michigan the …

Assurex Global Names Kapnick to Board of Directors

Jim Kapnick, president of Michigan-based Kapnick Insurance Group, has been named to the board of directors of Assurex Global, a worldwide network of independent insurance brokers headquartered in Columbus, Ohio. Kapnick Insurance Group is a privately held, full service insurance …

Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG

A judge has refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion of federal bailouts. The ruling by U.S. …

People

Preferred Professional Insurance Co., an Omaha, Neb.-based Catholic-owned medical liability insurance firm, announced that Lynnette Matza was appointed as PPIC’s next CEO effective Jan. 1, 2011. Matza will succeed T.J. McKivergan. Matza has been with the company since its inception …

Judge Refuses to Dismiss Securities Fraud Lawsuit Against AIG

A judge refused to dismiss a securities fraud lawsuit accusing American International Group Inc. of misleading investors about its exposure to subprime mortgages, which led to a liquidity crisis and $182.3 billion in federal bailouts. Reuters reported that the ruling …

Michigan Officials Seek to Force Broker to Remit $1.3 Million Owed to Insurers

Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation petitioned the Ingham County Circuit Court to compel …

People

Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, added agent Andy Webb to its sales team. Webb began his career in the insurance industry in March 2002 and now brings a strong …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Trucking Market Detail: USAssure Insurance Services. Inc. provides monoline or package program for commercial automobile. …