Michigan News

NetRate Systems Delivers Commercial Lines Rating System to Trinity Underwriting Managers, Inc.

Okemos, MI., August 4 2009 – NetRate Systems, Inc. (Okemos, MI) is pleased to announce implementation of the NetRate Commercial Lines Rating System at Trinity Underwriting Managers, Inc., of Pooler, GA. Trinity Underwriting Managers will utilize the NetRate software to …

U Michigan Researcher: Less Leisure Driving Behind Drop in Road Fatalities

Fewer Americans are dying on the nation’s roads, not only because they are driving less, but also because the type of driving has changed, says a researcher at the University of Michigan Transportation Research Institute. An article by UMTRI’s Michael …

Home Values Vs. Rebuilding Costs

Zillow.com: Year-Over-Year Median Sale Price, 6/1/08 to 5/31/09 Xactware: Increase/decrease in cost to rebuild, 1/1/09 to 5/31/09 Xactware: Cost to rebuild year over year, 6/1/08 to 5/31/09 Home Values Vs. Rebuilding Costs State Zillow.com Xactware Xactware Nevada -29.59% 1.00% 4.96% …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have had customers file for personal bankruptcy, …

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. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …

Grain Dealers Mutual to Become Affiliate of Main Street America

Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Main Street America. The agreement, which has been approved by the boards of directors of both companies, is subject to regulatory approval from the …

Michigan Workers’ Comp Medical Payments Per Claim Among Lowest

Medical payments per workers’ compensation claim in Michigan were among the lowest of 14 states, largely the result of lower utilization and lower prices paid for some services, according to a new study from the Workers Compensation Research Institute (WCRI). …

Michigan’s American Community Launches PPO Network in Ohio

Michigan-based American Community Mutual Insurance Company, a provider of group and individual health insurance, has introduced its own proprietary medical provider network in Ohio. The company said the American Community Provider Network will save policyholders an average of 5 percent …

Some Question Michigan Judge’s Refusal to Recuse in Insurance Case

A Michigan Supreme Court justice’s decision not to recuse herself from a case that pertains to her husband’s profession contradicts the spirit of a recent U.S. Supreme Court ruling on when judges should step aside because of possible conflicts of …