Michigan News

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. Outbreak Extra Expense Market Detail: American Underwriting Managers offers a product designed to provide businesses …

Massachusetts Woman’s Family Sues Cosmetic Surgery Company

The family of a Massachusetts woman who died shortly after doctors started a cosmetic surgery procedure on her has sued the national company that was overseeing the operation. The lawsuit filed Wednesday in Middlesex Superior Court by the family of …

Army Bomb Expert Sues, Claims ‘Hurt Locker’ Movie Based on Him

An Army bomb disposal expert who served in the Iraq war is suing the makers of “The Hurt Locker,” claiming the Oscar-nominated film’s lead character is based on him and that they cheated him out of “financial participation” in the …

Burns & Wilcox Adds McCormick

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 …

Nevada Assembly Rejects Insurance Verification Cameras

Nevada Gov. Jim Gibbons amended his proclamation for the Legislature’s special session to include sweeping reforms to collective bargaining, education, water law — and said lawmakers should be quick about their businesses to plug a $900 million budget hole. The …

Will Gay Marriage Bring New Marketing Opportunities for Agents?

In business, change brings opportunity. And when it comes to states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products for wedded gay couples. The “gay market” in the United States is huge, according …

Federal Rate Regulation Threatens Solvency, Health Insurers Warn

President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group. A plan released Monday by the White House would give the federal government the power to …

Fremont Michigan InsuraCorp Posts Record Results in 2009

Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, reported record revenues of $56.9 million for 2009, representing growth of 13.4 percent over 2008. For the year ended Dec. 31, 2009, net income was $4,245,000, compared to $3,761,000 …

Fremont Insurance Expands Yacht Policy Navigation Coverage

Fremont Insurance, a Michigan-based property and casualty insurance carrier, has unveiled new enhancements to the company’s yacht policy, which allows policyholders the ability to travel anywhere in North America without loss of coverage or travel endorsements. Fremont Insurance has expanded …

People

K. Patrick Armstrong has joined the executive team at New York-based ReSource Pro as a business process consultant. Armstrong will work with insurance agencies, brokers, MGAs and carriers to implement insurance process outsourcing. Patrick joins ReSource Pro with 20 years …