Michigan News

Will Gay Marriage Bring Marketing Opportunities for Agents?

The Market Is Huge, but Some Independents Say It’s Difficult In business, change brings opportunity. And when it comes to the rapid wave of states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products …

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. Home Builders & Artisans Contractor’s GL Market Detail: Northern Star Management offers access to a …

Michigan Workers’ Compensation Claim Costs Among Lowest, Most Stable

Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new study. …

Fiesta Auto Insurance to Expand Franchise Model

Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations during the past 10 months. Fiesta, an insurance and tax preparation …

Liberty Mutual Expands Insurance Offerings for Wisconsin Schools

Liberty Mutual Group is expanding its program offerings for Wisconsin schools available through its partnership with the Wisconsin Association of School Boards (WASB) Insurance Plan. Effective immediately, the WASB Insurance Plan will offer insurance coverage through Pewaukee-based Indiana Insurance, a …

Progressive Insurance Selects Michigan to Host $10M X-Prize Car Contest

The Progressive Insurance Automotive X PRIZE has chosen the state of Michigan to host a multi-stage competition that aims to pit some of the world’s most fuel efficient vehicles against one another in a quest to win their share of …

Grange Insurance Names James President, CEO

Grange Insurance, based in Columbus, Ohio, named Robert V. James, 55, as president and CEO effective Jan. 18. Retiring president and CEO Phil Urban will serve in an advisory capacity until Feb. 26 to ensure a seamless transition of responsibilities. …

Michigan Regulators Recover $33M for Consumers; $9M from Insurance

Michigan regulators report they recovered a record $33 million for financial services and insurance customers in 2009. Insurance Commissioner Ken Ross said the $33 million in consumer recoveries breaks the previous record of $17 million set by the agency in …

Foremost Insurance Accepting Up To 40-Foot Boats in Nevada

Foremost Insurance of Caledonia, Mich., has expanded its Family Boaters program in Nevada, accepting more risks and introducing lower rates. Effective Jan. 1, 2010 for new business and Feb. 1, 2010 for renewals, the expansion include: Acceptance of boats up …

Declarations

No Warren Buffett “The heart and soul of what insurance companies should be is underwriting companies. I mean, I tell people there’s only one Warren Buffett, and I’m not him.” —Fred Eppinger, CEO of Worcester, Mass.-based The Hanover Insurance Group, …