Several legislations were passed by the Michigan Legislature this week. Many of these legislations held provisions that will make deeper cuts to the state’s unemployment insurance system, if signed into law by Governor Rick Snyder. The state’s unemployment insurance system has already seen changes earlier in the year, when lawmakers passed new legislations that limited the maximum benefits people could receive. These new changes will have a profound impact on how benefits are calculated for residents and will change who is eligible to receive these benefits. The legislations aim to…
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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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