The Michigan Catastrophic Claims Association assessment to insurance companies will be $143.09 per insured vehicle effective July 1, 2010 to June 30, 2011. The current MCCA assessment is $124.89– which is about $20 more than it was the previous year …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …
A Michigan teenager hit and injured by a U.S Postal Service truck while riding her bike has been denied benefits under a U.S. Court of Appeals ruling. The court ruled that her source of relief was not the courts but …
The Michigan House has passed a bill that would let motorcycle riders 21 and older travel without helmets, despite the threat of a veto from Gov. Jennifer Granholm. The Democrat-led House passed repeal on a 63-46 vote. The bill now …
Many U.S. states are worried that the healthcare overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced on …
Republican attorneys general in at least 12 U.S. states warned Monday that lawsuits will be filed to stop the federal government’s healthcare reform bill from encroaching on states’ sovereignty. The lawsuits were announced hours after the U.S. House of Representatives …
A southeastern Michigan county agreed to pay $750,000 to settle a lawsuit over the death of a man who drowned in a swamp during his arrest, according to records unsealed by a federal judge. Details of the settlement, which had …
While a growing number of Michigan’s small- to mid-size businesses are not satisfied with the economy, a recent survey indicates that more businesses plan to increase wages over the next six months. In the semi-annual Future Business Index, a study …
Laura McCormick has joined Farmington Hills, Mich.-based Burns & Wilcox as a professional lines broker specializing in miscellaneous professional, environmental consultants, E&O and non-profit D&O. McCormick has been a deputized Lloyds Underwriter since 1990 and has 20 years’ experience accepting …
Lansing, Michigan-based Accident Fund Insurance Company of America has named Joanne Topa as the new director of Enterprise Applications. She will be involved with content management, Web services and business relations throughout the organization. Topa brings 15 years of information …
