Insurance commissioner’s surprise announcement

Michigan is down one insurance commissioner. Today, Ken Ross, former holder of the office, announced that he would be stepping down, effective Friday. Ross’s announcement was a surprise as he was expected to hold office well into next year. Speculation abounds as to why Ross has abdicated his position, but Ross himself holds that the decision was motivated by personal reasons. Ross was first appointed to the office in 2008 by then Governor Jennifer Granholm. The position normally constitutes a four-year-term. He oversaw the agency through trying economic times and…

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