Important Update About Michigan Car Insurance System

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A photo of Gov. Gretchen Whitmer signing into law an overhaul of Michigan’s car insurance system on Mackinac Island. (May 30,2019)

This morning (Thursday May 30th), Governor Gretchen Whitmer signed into law sweeping changes to Michigan’s auto no-fault insurance law.  While we are all excited for the upcoming changes we wanted you to know this law does not take effect till July, 1st 2020.  We will make every effort to keep you updated and provide educational material on what this will mean to you over the next 13 months.

Look for future updates, including a more detailed look into the coming changes to no-fault auto insurance.

Thank you very much for trusting Olivier-VanDyk for your insurance needs.

 

Photo Credit:

Press, The Associated. “Michigan Governor Signs Overhaul to Cut High Auto Premiums.” WOODTV, WOODTV, 30 May 2019, www.woodtv.com/news/michigan/michigan-governor-signs-overhaul-to-cut-high-auto-premiums/2039111077.

Prevent Cybersecurity Breaches | How to Keep your Business Information Secure

Cybersecurity DefinitionMost people see cybersecurity as something that only governments and large corporations need to worry about. For example, recent news stories have been highlighting cyber attacks on major entities such as Equifax and England’s National Health Service. However, businesses of all sizes are at risk of a cyber security breach.

According to the Department of Homeland Security, 40% of cyber attacks target businesses with fewer than 500 employees. In addition, about one in five small and midsize businesses reported a cyber attack over a two-year period.  Computer crime has now bypassed illegal drugs as the country’s #1 criminal money-maker, making it in every business owner’s best interest to safeguard their organization as much as possible.

 

Continue reading “Prevent Cybersecurity Breaches | How to Keep your Business Information Secure”

Cost Control Strategy: “Don’t step over a dollar to pick up a dime”

Cost Control Strategy

Think about your last renewal – how much time was spent on interviewing new agents, market selection, filling out applications/meeting with numerous insurance company Loss Control Representatives, and dealing with the “quoting process”? Now, think about how much time was actually spent sitting down to create an action plan to help you truly control your exposures and reduce your insurance spend over the next 5-10 years, rather than just the upcoming year.  Continue reading “Cost Control Strategy: “Don’t step over a dollar to pick up a dime””