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Michigan News

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. Fire Protection Contractors Market Detail: McNeil & Co. brings agents the FireWatch Program. This is …

Michigan Blue Cross Wins Workers’ Compensation Battle

Michigan Attorney General Mike Cox said he is not giving up in his battle and will appeal a judge’s ruling in support of Blue Cross Blue Shield of Michigan’s ownership of workers’ compensation insurance businesses. Cox maintains that the workers’ …

It Figures

$105 The current per vehicle assessment charged by the Michigan Catastrophic Claims Association to help pay claims of seriously injured accident victims. Michigan is the only state to offer unlimited lifetime medical benefits for people seriously injured in auto accidents. …

Insurance Industry Starts to Pay Attention to Muslim American Market

24% of All Muslims in U.S. Have College Degrees; 16% Are High Income Earners While there are an estimated 130 entities selling takaful — cooperative insurance that is true to Shariah tenets of Islamic religious law — in foreign countries …

Chicago’s 2016 Olympic Game Plan Includes $1 Billion Financial Safety Net

Chicago touted its financial strength in its 2016 Olympic bid Friday, with organizers saying they have at least a $1 billion safety net if the games exceed an estimated $4.8 billion price tag. Chicago is competing against Tokyo, Madrid and …

Michigan Man’s Alleged Insurance Arson Leads to Murder Charge

A Detroit man faces first-degree murder and arson charges in the 2004 deaths of two men he had hired to burn down a building he owned in south central Michigan. Attorney General Mike Cox says 57-year-old Musaid Ahmed Saeed hired …

Merchants Insurance Group’s New E&S Subsidiary OK’d in 10 States

Buffalo, N.Y.-based Merchants National Insurance Company, a wholly-owned excess and surplus lines subsidiary of Merchants Insurance Group, began accepting new business on Feb. 1, 2009. The company reported as of that date it has been approved in 10 states. The …

5 Michigan Auto Insurers Pledge to Freeze Rates

One week after Michigan Gov. Jennifer Granholm called on auto insurance companies to freeze their rates, five insurers have said they will comply. In a Feb. 3 order, Granholm asked each automobile insurance company doing business in Michigan to pledge …

PGI Commercial Acquires Assets of Michigan’s Underwriters & Brokers

PGI Commercial has acquired the assets of Underwriters & Brokers, Inc. of Troy, Michigan. PGIC said it will merge the platform and staff of UBI with its existing Michigan office. Underwriters & Brokers, Inc. handles middle-market commercial risks with a …

Michigan Governor Opposes Hike in State’s Auto Catastrophic Claim Fee

Gov. Jennifer Granholm doesn’t want Michigan motorists to pay any more than they are now to support seriously injured accident victims. The governor asked the Michigan Catastrophic Claims Association to not increase its annual assessment above the current level of …