Michigan News

Michigan Businesses Believe Worst of Economic Recession Is Over

While Michigan’s small to mid-size businesses continue to express high levels of dissatisfaction with the economy, a recent survey found a sharp increase in the percentage of business owners who say they expect their bottom line will improve over the …

Michigan Regulator: Home, Auto Insurance Forms Must Be Filed with State

Michigan’s insurance regulator is reinstating a requirement that insurance companies submit all home and auto insurance documents and forms to the state insurance department for review prior to using them. The order from the Office of Financial and Insurance Regulation …

People

Kansas City-based insurance broker Lockton has added Michael Todorovich II as vice president and producer in its St. Louis office. With more than 11 years of experience in the insurance industry, Todorovich’s expertise includes mergers and acquisitions and executive risk. …

Florida Welcoming New Latin Independent Agents, While Still Coping with Old Market Problems

LAAIA Chief Says Property Markets Will Be a Problem in South Florida Until There’s a National Plan Being an independent agent in south Florida means never having enough property markets. That was true years ago and remains true today, according …

They Do THAT, Too!

Diversification Spurs San Antonio-Based SWBC to Great Heights Top 100 Agency Profile Ranking No. 13 (ranking based on 2007 figures) Agency Name: SWBC Headquarters: San Antonio, Texas Year Founded: 1976 2008 Total P/C Premium: $645.3 million 2007 Total P/C Premium: …

Ratings: 1st Choice Auto, Commerce, Dorinco, Battle Creek, Met Life Auto & Home, Toyota

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B++’ (Good) and upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” of 1st Choice Auto Insurance Company, Inc., and has revised its outlook on the ratings to …

Illinois Sues Village Accused of Using Tainted Water

The state of Illinois has filed a lawsuit against a Chicago suburb for allegedly drawing drinking water from a contaminated well for decades, then lying about it to residents and environmental authorities. The 58-page complaint, filed by Illinois Attorney General …

Businesses Object to New Wisconsin Law Allowing Punitive Damages

Wisconsin Gov. Jim Doyle, has signed into law Senate Bill 20, which enhances discrimination protections for workers in the state. The bill requires employers with more than 15 employees who are convicted of engaging in discriminatory employment practices to pay …

Northeast’s ProMutual to Buy Michigan Medical Liability Insurer FinCor

Massachusetts-based medical liability insurance company Medical Professional Mutual Insurance Co., known as ProMutual, will acquire medical liability insurer and risk management company FinCor and its subsidiaries. ProMutual, a member of ProMutual Group, said it is is acquiring Lansing, Michigan, based …

Indiana Insurance Veteran Named Insurance Professional of the Year

Roanoke, Ind.-based American Specialty Insurance & Risk Services Inc., a wholly-owned subsidiary of Brown & Brown Inc., announced that Taffy F. Troup, the company’s senior vice president of Administration and Operations, was recently named Insurance Professional of the Year at …