Attempts to reform flood insurance in America are having serious repercussions. Homebuyers, sellers and others across the country are being slammed with soaring increases in the cost of flood insurance.
In April, one of Lansing’s largest employers announced plans to bring 1,000 new jobs to the region. Jackson National Life Insurance Company will spend more than $100-million to double the size of its headquarters in Alaeidon Township. Construction could begin later this year, pending a number of regulatory steps.
Last week, company officials from Jackson National Life Insurance, alongside Gov. Rick Snyder and mayor Virg Bernero, announced a proposed $100-million expansion of its headquarters near Lansing. The project has rekindled an interesting discussion on marketing Lansing as a hub of the insurance industry. Four insurers-Auto Owners, Jackson National, the Accident Fund and Farm Bureau Insurance-already employ at least 5,500 people in Lansing, according to the Lansing Economic Area Partnership. The expansion plan, if it proceeds, would add about another 1,000.
Michigan Governor Rick Snyder's efforts to begin setting up a statewide health exchange as required by the federal health care law are hitting a snag.
The GOP governor urged lawmakers in September to quickly pass bills allowing the state to tap federal funds to set up the exchange. He says the federal government will step in with its own plan if Michigan doesn't have one in place by January 2013.
GOP House Speaker Jase Bolger wants to wait until the U.S. Supreme Court decides next summer if the federal health care law should stand before setting up an exchange.