Office of Financial and Insurance Regulation (OFIR) Archive

  • LETTERS: Don’t ignore no-fault reform

    LETTERS: Don’t ignore no-fault reform

    Crain’s Detroit Business Editor: I am greatly disappointed to read the Feb. 25 opinion on potential no-fault reforms (“No-fault reform: No data, no deal”). Rather than analyzing the facts surrounding the structure, purpose and operations of the Michigan Catastrophic Claims Association as well as the need for substantive reforms to Michigan’s unique automobile no-fault insurance […]

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  • It’s Time to Reduce Rates, Continue to Provide the Best Coverage in the U.S. and Protect the Future of No-Fault Insurance in Michigan

    It’s Time to Reduce Rates, Continue to Provide the Best Coverage in the U.S. and Protect the Future of No-Fault Insurance in Michigan

    Lansing, Mich. – The Michigan Insurance Coalition today called on the Coalition Protection Auto No-Fault (CPAN), the Trial Lawyers and others making a living off the No-Fault insurance system to join in the effort to save No-Fault by helping make it more affordable for all drivers. Last week, Kevin Clinton, Commissioner of the Office of […]

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  • Office of Financial and Insurance Regulation (OFIR)

    Office of Financial and Insurance Regulation (OFIR)

    DISCUSSION OFIR is the regulatory agency responsible for the insurance, banking, and securities markets. It is housed within the Department of Energy, Labor and Economic Growth. OFIR’s chief executive carries the title “commissioner” and is appointed by the governor. In regulating insurers, OFIR administers the Michigan Insurance Code and the regulations based on the Code. […]

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