The insurance industry in Michigan grew by double digits over a 13-year period and remains poised to grow even more with the cluster of talent based in the state. Those were among the conclusions in a new report that for the first time offers a broad look at the state’s insurance industry, which in 2018 accounted for 4.6 percent of Michigan’s gross domestic output, directly employed more than 80,000 people, and supported another 58,000 jobs indirectly through the purchase of goods and services.
LANSING — A partnership between the state and an economic development organization for the Lansing area is providing an incubator and investment for high-tech, innovative insurance startups.
The second-generation family-owned MultiState Insurance Center Inc. agency has signed a definitive agreement to sell to a Texas-based independent life insurance and health insurance firm.
Priority Health earned more than $137 million across all business segments in 2018, led by strong growth in the bottom line at its core HMO business.
Detroit-based private equity firm Huron Capital Partners LLC has formed High Street Partners with insurance industry executives Scott Wick and Randy Koch to focus on deals in the insurance industry.