Michigan News

Wisconsin-Based Vanguard Insurance Caught in Michigan Licensing Snafu

Michigan’s insurance regulator has ordered a Wisconsin-based managing general insurance agency, Vanguard Insurance Placement Inc., to immediately stop doing business in Michigan. According to the Michigan Office of Financial and Insurance Regulation (OFIR), the agency violated the Michigan Insurance Code …

Insurer Holds Naming Contest for Steer with Michigan Patterned Hide

An insurance company in Michigan is holding a contest to name a steer it saved from someone’s dinner table because of its unique hide. The pattern on one of its sides resembles Michigan’s Lower Peninsula’s mitten shape, while the pattern …

Martinez Joins General Insurance Agent J.M. Wilson in Southern Region

Michigan-based managing general agency J.M. Wilson has added Debbie Martinez as Sales and Underwriting manager for its southern regional office in Charleston, South Carolina. Martinez will be responsible for developing relationships and growing J.M. Wilson’s presence in the South. With …

J.M. Wilson in Michigan Promotes Kiser to Personal Lines Manager

Portage, Michigan-based managing general insurance agency J.M. Wilson has promoted Stacey Kiser to manager of Personal Lines and assistant manager of Property/Casualty. She will oversee the day-to-day activities of the Personal Lines department, serving customers in Michigan, Ohio, Illinois, Indiana, …

Ratings: HSB, Tall Pines, North Sea, MEMIC Indemnity, American Physicians, West Bend

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A+’ (Superior) from ‘A’ (Excellent) and issuer credit ratings (ICR) to “aa-” from “a” of The Hartford Steam Boiler Group and its members (together, known as HSB Group). All …

Consumer Advocates Watching How Insurers Treat Credit in Recession

With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. They are also warning insurers that they could lose business and consumer confidence …

Judge Blocks Michigan’s Challenge to Insurance Rates with Credit Scores

Barry County Circuit Judge James Fisher issued an injunction on Friday, April 10, preventing Michigan insurance regulators from challenging insurance companies’ home and auto insurance rate filings that use credit scoring in determining their premiums. The injunction against the Office …

Michigan Challenging New Home Insurance Filings Based on Credit

The Michigan Office of Financial and Insurance Regulation (OFIR) announced April 7 that all new rate filings by homeowners insurance companies that rely on insurance credit scoring as a factor in determining their discounts are being challenged by the agency. …

Business Moves

CAA, Bridges Group Inc. Austin, Texas-based Combined Agents of America LLC (CAA) has added Bridges Group Inc., based in Kansas, to its roster of agency members. Since 1894, the Bridges Group has served the region surrounding Norton, Kan., with a …

It Figures

225 The weight of a 61-year-old Bloomfield Hills, Mich., man who is suing his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. The employer says Patrick J. Ronayne was let go because of …