Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …
New York-based Merchants Insurance Group has added artisan contractor’s coverage to its Merchants Advantage Plus commercial insurance product. The MAP Contractors program provides customizable coverage for those who perform residential and light commercial work, including electricians, HVAC technicians, landscapers, painters, …
Nationally, family premiums for employer-sponsored health insurance increased 119 percent between 1999 and 2008, and could increase another 94 percent to an average $23,842 per family by 2020 if cost growth continues on its current course, according to a new …
Michigan insurance companies say that so-called “bad faith” bills approved by the House Insurance Committee today are unnecessary and will open the floodgates for lawsuits against them, eventually costing consumers money. Meanwhile, House Democrats who are sponsors of the “bad …
Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The Office of Financial and …
Michigan drivers will pay $20 more this fiscal year to care for accident victims who have brain damage, paralysis or other catastrophic injuries. The culprit? Not the usual suspects such as escalating health care costs or a bad stock market, …
While many believe summer is the most dangerous season on U.S. roads because motorists tend to drive faster, drink more alcohol and drive more often for leisure, a recent report by the University of Michigan suggests otherwise. Fatality crash rates …
Liability claims have been settled against the tour company that arranged a fall foliage excursion in which 20 passengers were killed when their tour boat overturned on an Adirondack lake in 2005. Terms of the settlement between Shoreline Travel & …
Rating organization A.M. Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit rating to “bb-” from “bb” of Farmers’ Mutual Insurance Co., based in Traverse City, Michigan. The outlook for both ratings …
The Main Street America Group’s Great Lakes Casualty Insurance Co. is now offering its commercial product line, featuring the company’s Main Line Business Owners Policy product, to its Michigan network of independent agents. Michigan agents were also introduced to the …
