Press Releases
| Insurance |
Michigan Insurers Tell Regulators to Enforce the Law- Not Ignore It
October 9, 2009 Posted by Michigan Insurance Coalition
It’s time for OFIR and Hollowell to uphold the law - Not Ignore it. Eliminating credit based insurance discounts would increase insurance costs for more than 70% of Michigan policyholders. Lansing, MI - October 9, 2009 - (RealEstateRama) — The Commissioner of the Office of Financial and Insurance Regulation (OFIR) Ken Ross, and Automobile and Home Insurance Consumer Advocate Melvin Butch Hollowell both went before the Michigan Supreme Court today asking the Court to ban the use of credit-based insurance scores. Ross was in the courtroom while Hollowell was holding court outside the Hall of Justice at a press conference to influence the Judge’s decisions.
OFIR Challenging All New Home Insurance Filings Based on Credit Scoring
April 7, 2009 Posted by Michigan RealEstateRama
LANSING, MI - April 07, 2009 - (RealEstateRama) — The Office of Financial and Insurance Regulation (OFIR) announced today 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. The expansion to all home rate filings using insurance credit scoring is based on the fact that insurance credit scoring is unfairly discriminatory and also does not result in reasonably anticipated reductions in losses or expenses and therefore does not meet the requirements Michigan’s Insurance Code.
GMAC Insurance Strives for Diversified Growth in 2008
February 7, 2008 Posted by Michigan RealEstateRama
SOUTHFIELD, Mich., Feb. 7 /PRNewswire/ — GMAC Insurance today unveiled a new, comprehensive strategy to grow its base of diversified dealers in 2008. A comprehensive suite of products and services, as well as a new marketing strategy and sales force will play lead roles in the company’s enhanced customer-centric approach to address the individual needs […]
