Non-Michigan residents who regularly drive their own motor vehicles in Michigan cannot rely on their out of state car insurance coverage to fully comply with Michigan law. Michigan law requires non-residents to maintain a valid No-Fault auto insurance policy on their vehicle if they drive in the state for more than 30 days per year.
Non-Michigan residents who drive in Michigan but who fail to comply with the requirements of our No-Fault auto insurance law are considered “uninsured” drivers. Unfortunately, the consequences for driving uninsured in Michigan are dire:
Possible jail time and fines
Denial of No-Fault medical and wage loss benefits as well as pain and suffering compensation...
On a relative basis, catastrophe bonds have rarely presented a more compelling investment opportunity than today, as despite spreads having tightened somewhat the cat bond asset class diversification offering can be at its strongest when other assets like equities are overvalued, fund manager Icosa Investments has said.Previously, the investment manager has explained that with catastrophe bond spreads remaining at historically elevated levels, it sees an attractive entry point to the asset class for investors.
In its latest insight, specialist cat bond fund manager Icosa Investments has explained further reasons why it sees catastrophe bonds as a particularly compelling alternative asset class at this point in time, highlighting...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Greenlight Capital Re Ltd. (Greenlight Re), the reinsurance firm headquartered in the Cayman Islands and affiliated with investment manager David Einhorn, is working to...
Save as PDF
FEMA has introduced the largest reform to the National Flood Insurance Program (NFIP) rating system since its inception in 1968. The NFIP...
As the Markel CATCo retrocessional reinsurance investment portfolio story begins to draw towards its natural run-off conclusion, the Board of the London listed fund...
Year-to-date, only modest amounts of catastrophe losses would be shared with the investors backing reinsurance firm Swiss Re’s Alternative Capital Partners (ACP) division, as...
Health insurance and other benefits form a key part of the compensation package most employers offer their workers. In some cases, providing insurance is required by law. However, many organizations employ at least some part-time team members. While you...
In today’s world, home security has become a top priority for homeowners looking to protect their property and loved ones. With burglaries and home invasions a constant concern, investing in a reliable home security system can provide invaluable peace...
Enjoy exclusive access to our content
Get an online subscription and you can unlock any article you come across, getting instant emails when our site updates, too.
Florida workers compensation waiver is a key term for business owners navigating the complexities of insurance law in the Sunshine State. Understanding whether you...
US primary insurer Allstate is back in the catastrophe bond market and seeking $350 million or more in multi-peril catastrophe reinsurance protection from the...
The telematics car insurance discount will result in modest short-term savings. But giving your insurance company access to information about your driving and driving...
Aspen Capital Markets, the third-party and alternative reinsurance capital management unit of global re/insurer Aspen, continued to increase its assets under management in the...
Podcast: Play in new window | Download
We had a really good run with the stock market over the past 10+ years. It seemed like the market was on a nonstop race to higher and higher levels. In fact, many...
What You Should Know
National General offers discounts for safe drivers of up to 23%
Save with Nat Gen’s anti-theft, low mileage, and safe driving discounts
Policyholders who use an app to monitor their driving behavior can save
Does National General offer safe...
Save as PDF
Floods are the most common and widespread of all natural disasters, with many U.S. communities experiencing some degree of flooding after spring rains, winter snow thaws or heavy thunderstorms. Learning about this weather possibility and how to...
The UK’s Prudential Regulation Authority (PRA) has now officially launched its consultation on reforms for the insurance special purpose vehicle (ISPV) regulatory regime, which includes the accelerated pathway for certain catastrophe bond applications and a 10-day target for approvals...
Last Updated on January 11, 2021 by adminNational Lockdown – Stay At HomeOn the 4th January 2021 the Government announced a third lockdown in England to control the rapid increase of coronavirus cases. The devolved administrations in Scotland, Wales...
Make yourself visible no matter the time of day.
The pandemic, rising fuel prices and climate change concerns – along with improved battery technology and e-bike options – have combined to create a...
Last Updated on July 4, 2024 by adminBoshers Insurance is headed by Jason Jackson, who has worked in the insurance industry for 36 years. Jason is an avid history fan and enjoys travelling both abroad and within the UK....
Be proactive about preparing for the danger of wildfires.
Even if you’ve taken precautions to make your home or business resistant to wildfire, take time each year to review your preparations.
Let’s discuss the why,...
Last Updated on July 31, 2024 by adminDid you know that Boshers Insurance do more than provide high-quality insurance for Holiday Home owners? We also support The 2 Minute Foundation, a charity whose vision is to clean up the...
Whether you’re planning an international vacation or taking the kids to see their grandparents, here’s how to book the best possible tripby Nicole Dieker October 30, 2023 | Money
The holidays are nearly upon us, which means it might...
(From left to right: Michael F. Thomas, Executive Vice President, Glenn Insurance; Susan Sykes, Senior Commercial Lines Underwriter, Glenn Insurance; Tim Glenn, President, Glenn Insurance; Claudia Ratzlaff, CEO, Avanzar; Cheryl Tamasitis, Associate Vice President, Nationwide; and Ross Setlow, Territory...
Last Updated on March 17, 2021 by adminTemporarily Closed Holiday Letting Properties – Updated 17th March 2021We appreciate the significant impact that government measures to control the spread of the coronavirus is having on all businesses, not least self-catering...
Virtual reality, or VR for short, may have some limited applications outside of video games and entertainment, but major US insurer Allstate Insurance Company believes there is potential in the technology for use in the insurance industry. Last week...
Last Updated on January 25, 2021 by admin
There has been much media coverage of the Supreme Court Judgement made on the 15th January 2021 regarding the FCA Test Case involving some insurers business interruption wordings. Understandably this has caused...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Bicycles are more than just a mode of transportation; they represent a significant investment for many, especially with the rise of high-end models designed for racing, long-distance rides, or daily commuting. The cost of these bicycles can range from...
Property Casualty Insurance is insurance that combines protection for property owned by you, such as a house, or personal possessions, and liability insurance for if you ever cause an accident that injures another person or damages another person’s property....
“This post may contain affiliate links, if you click a link we may earn a commission if you purchase from that merchant.”
Car insurance is a necessity for every driver, as it provides financial protection in case of accidents, theft,...
As long as there have been superheroes, there have been super suits. The suit’s original purpose was to distinguish the superhero from the average person on the street and to give them a brand of their own. When the...
In today’s world, home security has become a top priority for homeowners looking to protect their property and loved ones. With burglaries and home invasions a constant concern, investing in a reliable home security system can provide invaluable peace...
More than $112 billion was lost to retail shrinkage in a recent year, according to the National Retail Federation (NRF). Retail loss, or “shrinkage” as it is commonly called, is a severe problem in the United States. A retailer...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
The Affordable Care Act has offered a practical way for many Americans to access health care for over a decade. However, new regulations and eligibility updates can make it challenging to understand what you qualify for, which is why...
Thanks to the Affordable Care Act plan, which goes more commonly by Obamacare, millions of eligible Americans have the opportunity to shop for health insurance through the Health Insurance Marketplace. During a period known as Open Enrollment, those who...
Cancer is often perceived as an illness of seniors. However, breast cancer diagnosis is on the rise for women aged below 40 in Singapore. Cultural and lifestyle change have contributed to this trend, and as patients and physicians are...
Save as PDF
Update Friday, March 12:
The stimulus bill passed by Congress on Wednesday was signed into law by President Biden on March 11 as the American Rescue Plan Act of 2021 (ARPA). Click here for a summary of employer-related...
General liability insurance construction is a must-have for any construction business. This type of insurance is essential because:It covers bodily injury to people outside your business.It protects against property damage to third parties.It includes coverage for personal and advertising...
May is Mental Health Awareness Month, a time dedicated to raising awareness and reducing the stigma surrounding mental health issues. It is crucial to understand that mental illnesses are prevalent in the United States, affecting a significant portion of...
