FOR IMMEDIATE RELEASE
Department of Insurance and Financial Services Helps State’s Financial Businesses
New department ordered by Governor Snyder will better serve Michigan’s financial sector
LANSING, Mich., February 13, 2011–Next month, the Department of Insurance and Financial Services will open. This department is an extension of the Office of Financial and Insurance Regulations, an office that ensures financial sector companies are following state and federal law. OFIR will leave the Department of Licensing and Regulatory Affairs to become the fully staffed Department of Insurance and Financial Services.
The Department of Insurance and Financial Services has been created after an executive order by Governor Snyder. The governor mentioned this expansion of OFIR into a department during this year’s State of the State Address. This department will create better opportunities for insurance companies, credit unions, and similar businesses in the financial sector.
The full State of the State Address
“We are very pleased to see the Governor continue his efforts to strengthen the climate for small business within our state,” said Jennifer Kluge , president of Michigan Business and Professional Association. “Today, Michigan is better positioned as a national economic force despite our continuing economic challenges; in many ways, we are actually leading the nation back out of the recession.”
Governor Snyder’s agenda is to create a more business friendly environment in the state.
The department will not only affect insurance and financial institutions but any business. Businesses can consult this department with any issues regarding insurance and financial matters. The new department hopes to create more sustainability of businesses in the state.
###
*Disclaimer: This is a mock press release. Though most information in the release is factual, it is for the sole purpose of a class assignment’s requirements. I am not the Public Information Officer of Wayne County.
Wayne County: On the EDGE 