April 17, 2009
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 …
April 17, 2009
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 …
April 16, 2009
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 …
April 16, 2009
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, …
April 14, 2009
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 …
April 13, 2009
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 …
April 10, 2009
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 …
April 9, 2009
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. …
April 6, 2009
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 …
April 6, 2009
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 …