Michigan's insurance industry employs more than 60,000 people.

 Insurance companies pay more than $400 million annually to state and local government taxes, special licenses, sales, real estate and employment taxes, motor vehicle registration and retrieval taxes.

 For every three people employed in the insurance industry, one additional job is created elsewhere in our state's economy.

 While the manufacturing sector is outsourcing jobs, the insurance industry is actually growing in Michigan.

 A report released by Michigan's Office of Insurance and Financial Regulation (OFIR) concluded that our states' insurance rates are not excessive and the insurance marketplace is highly competitive.

Want to know more about the positive impact the insurance industry is having on Michigan's economy? Click here.