Displaying items tagged: Lighthouse Group

As Michigan emerges as one of the top cannabis markets in the U.S., industry experts and operators still face the growing pains of a sector with high barriers to entry and increasing consolidation.

Chicago-area insurance brokerage and financial services firm Alera Group has acquired West Michigan Insurance Inc., a Grand Rapids property and casualty agency.

Here is the MiBiz Growth Report for January 17, 2022.

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has acquired Gales Agency from Shelby State Bank.

Michigan cannabis companies should be able to readily secure the insurance coverage they need, but they face a lack of choice in the market compared to other industries.

With the emergence of artificial intelligence over the last decade, insurers’ painstaking work to identify trends and analyze data increasingly has become automated. 

Driven by higher medical claims trends, insurance rates for small business and individual health policies would increase significantly in 2022 compared to recent years under rate proposals before state regulators.

As COVID-19 emerged last spring and closed physician offices for non-essential care — forcing connections with patients via telehealth platforms — health insurers began to pay doctors the same for virtual visits as they do for in-person care.

The Chicago-area insurance brokerage firm that acquired Grand Rapids-based Lighthouse Group intends to look for other deals in Michigan.

GRAND RAPIDS — Insurance and employee benefits agency Lighthouse Group has been acquired by Alera Group, a Deerfield, Ill.-based independent insurance firm that has more than 90 locations across the U.S.

A few years back, employers seldom asked about what they could do to make their employees better shoppers for health care.