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 Farm Bureau Insurance of Michigan announced Thursday that Don Simon will be replacing Jim Robinson as company CEO, effective upon Robinson’s retirement June 1.
Michigan’s insurance industry should continue adding jobs in the years ahead, although it faces a tough issue that’s hitting many economic sectors today: attracting and competing for talent.