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Detroit Neighborhood Plans 300 Demolitions

The Detroit enclave of Highland Park plans to demolish more than 300 abandoned and neglected structures. The Detroit Free Press reported that the demolitions are paid for by part of a $13.8 million...

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$20M for Detroit Demolitions Remains Unused

A published report says Detroit, Mich., has $20 million intended to demolish burned-out dwellings that’s sitting unused. The Detroit Free Press reports that the money is part of the Fire Insurance...

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Insurance to Cost $10K per Bus Annually for Private Detroit Bus Line

A young entrepreneur from the suburbs is planning to start a private bus line in downtown Detroit, Mich. The Detroit News reports Andy Didorosi is set to open the Detroit Bus Co., a private company...

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Detroit Schools to Pay $425K To Student’s Family

A federal judge in Michigan has ordered the cash-strapped Detroit Public Schools to pay $425,000 to the family of a special education student who had a seizure and died after being forced to walk...

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Aon Risk Solutions Promotes McCorry, Williams in Detroit Office

Aon Risk Solutions has promoted LeAnne McCorry as national managing principal of the business and executive chairman of the Detroit, Mich., office and Carol Williams as resident managing director and...

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Chrysler Factory Employee Kills Co-Worker, Self in Detroit

An employee fatally stabbed a co-worker Thursday at a Chrysler factory in Detroit and then fled to a city park where he killed himself, police said. The stabbing was reported around 8 a.m. at a...

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Michigan Regulators Say Fake Auto Insurance Sold in Metro Detroit

The Michigan Office of Financial and Insurance Regulation (OFIR) recently announced that some Detroit-area drivers may have unknowingly purchased fraudulent automobile insurance policies from...

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Detroit to Lay Off 5% of Workforce; Investigate Insurance, Work Comp Fraud

Detroit officials say they’re making plans to lay off 400 to 500 city employees in the new year, roughly 5 percent of the workforce. The disclosure was made Dec. 7 as Mayor Dave Bing said he has enough...

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Michigan Tells Auto Dealer to Stop Selling Insurance

Michigan’s Department of Insurance and Financial Services (DIFS) has ordered a Detroit-area auto dealer to stop selling insurance without a license. The DIFS issued a cease and desist order against...

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Towing Costs Jump in Detroit from $75 to $215

The cost for getting back a vehicle that’s towed in Detroit is going up in a big way. Detroit announced that Detroit City Council approved the new rate for recovering vehicles that are towed to the...

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Detroit Files Lawsuit Against 1 of Its Insurers

Detroit has filed a lawsuit against an insurance company the city says is improperly withholding $11 million a month in casino payments and taxes. According to The Detroit News, the suit against...

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Insurer Backing Detroit Bonds Opposes City Plans

An insurance company that backs more than $170 million in Detroit bonds says it opposes a plan by the city’s state-appointed emergency manager to restructure the city’s finances. Ambac Assurance Corp....

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Detroit Says It’s Settled with Some Creditors

Detroit has reached an “important settlement” with some creditors as it negotiates ways to get rid of billions of dollars of debt, according to court documents filed on July 15, though details of the...

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Judge Blocks Lawsuits Challenging Detroit Bankruptcy

A federal judge has agreed with Detroit, Mich., and stopped any lawsuits challenging the city’s bankruptcy, declaring his courtroom the exclusive venue for legal action in the largest filing by a local...

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Auto Tire and Rim Thefts Increasing in Metro Detroit

Tire and rim thefts are increasing sharply in Detroit, Mich., according to Help Eliminate Auto Thefts (H.E.A.T.) and the American Car Rental Association (ACRA). H.E.A.T. is Michigan’s statewide auto...

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Michigan Woman Charged In Fake Auto Insurance Policy Scheme

A 40-year-old woman has been arrested in the sale of more than 300 bogus auto insurance policies to Detroit, Mich.-area drivers. The Wayne County sheriff’s office says Timmica Morton was arraigned on...

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As Bond Insurers Drop Objections, Detroit Bankruptcy Progresses

Detroit’s path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop its objections to a controversial city financing plan, joining another bond insurer,...

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Segal Group Acquires Employee Benefits Firm Moroni Fantin in Michigan

The Segal Group announced it has acquired a portion of the business of Moroni Fantin, an employee benefits consulting firm located in the Detroit, Mich.-area. Moroni Fantin specializes in working with...

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Stockton Bankruptcy Exit Trial Starts Today

The bankrupt city of Stockton, California, will face off against a holdout creditor this week in a closely watched municipal bankruptcy case pitting the rights of impaired bondholders against retirees...

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Bond Insurer Syncora Fighting City’s Plans in Detroit Bankruptcy

Bond insurer Syncora Guarantee Inc has emerged as Detroit, Mich.’s chief nemesis in the city’s historic bankruptcy case and is fighting as if its financial life depends on a decent recovery on its $400...

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