Insurance Journal » Detroit http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 18 Apr 2014 01:58:11 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Segal Group Acquires Employee Benefits Firm Moroni Fantin in Michigan http://www.insurancejournal.com/news/midwest/2014/01/07/316266.htm Tue, 07 Jan 2014 17:33:58 +0000 http://www.insurancejournal.com/?p=316266 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 Michigan and national, mid-market, self-insured health plans. Robert D. …

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As Bond Insurers Drop Objections, Detroit Bankruptcy Progresses http://www.insurancejournal.com/news/midwest/2013/12/18/314876.htm Wed, 18 Dec 2013 16:55:15 +0000 http://www.insurancejournal.com/?p=314876 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, bondholders and a committee of retired city workers …

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Michigan Woman Charged In Fake Auto Insurance Policy Scheme http://www.insurancejournal.com/news/midwest/2013/10/07/307411.htm Mon, 07 Oct 2013 16:19:58 +0000 http://www.insurancejournal.com/?p=307411 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 charges that she used a computer to commit …

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Auto Tire and Rim Thefts Increasing in Metro Detroit http://www.insurancejournal.com/news/midwest/2013/09/05/304137.htm Thu, 05 Sep 2013 16:01:37 +0000 http://www.insurancejournal.com/?p=304137 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 theft prevention program that coordinates citizen action with law enforcement agencies …

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Judge Blocks Lawsuits Challenging Detroit Bankruptcy http://www.insurancejournal.com/news/midwest/2013/07/26/299688.htm Fri, 26 Jul 2013 05:42:13 +0000 http://www.insurancejournal.com/?p=299688 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 government in U.S. history. The decision by U.S. …

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Detroit Says It’s Settled with Some Creditors http://www.insurancejournal.com/news/midwest/2013/07/17/298793.htm Wed, 17 Jul 2013 16:02:27 +0000 http://www.insurancejournal.com/?p=298793 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 agreement haven’t been released. The disclosure …

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Insurer Backing Detroit Bonds Opposes City Plans http://www.insurancejournal.com/news/midwest/2013/07/10/297979.htm Wed, 10 Jul 2013 16:19:53 +0000 http://www.insurancejournal.com/?p=297979 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. said in a statement issued on July 8 that …

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Detroit Files Lawsuit Against 1 of Its Insurers http://www.insurancejournal.com/news/midwest/2013/07/08/297708.htm Mon, 08 Jul 2013 16:26:20 +0000 http://www.insurancejournal.com/?p=297708 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 Syncora Guarantee Inc. was filed on July 5. …

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Towing Costs Jump in Detroit from $75 to $215 http://www.insurancejournal.com/news/midwest/2013/05/06/291009.htm Mon, 06 May 2013 15:45:19 +0000 http://www.insurancejournal.com/?p=291009 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 city impound lot or …

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Michigan Tells Auto Dealer to Stop Selling Insurance http://www.insurancejournal.com/news/midwest/2013/04/16/288563.htm Tue, 16 Apr 2013 16:20:00 +0000 http://www.insurancejournal.com/?p=288563 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 Monaco Motors Ltd., Camillo Anthony Monaco, and Darrell Lees, for …

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Detroit to Lay Off 5% of Workforce; Investigate Insurance, Work Comp Fraud http://www.insurancejournal.com/news/midwest/2012/12/10/273357.htm Mon, 10 Dec 2012 17:17:31 +0000 http://www.insurancejournal.com/?p=273357 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 votes in …

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Michigan Regulators Say Fake Auto Insurance Sold in Metro Detroit http://www.insurancejournal.com/news/midwest/2012/11/15/270672.htm Thu, 15 Nov 2012 17:02:02 +0000 http://www.insurancejournal.com/?p=270672 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 unlicensed insurance agent. According to the OFIR, Shaker Uddin Sadeak, through an unlicensed insurance agency named …

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Chrysler Factory Employee Kills Co-Worker, Self in Detroit http://www.insurancejournal.com/news/midwest/2012/09/21/263939.htm Fri, 21 Sep 2012 16:11:23 +0000 http://www.insurancejournal.com/?p=263939 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 Chrysler plant that makes the …

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Aon Risk Solutions Promotes McCorry, Williams in Detroit Office http://www.insurancejournal.com/news/midwest/2012/08/14/259268.htm Tue, 14 Aug 2012 16:13:18 +0000 http://www.insurancejournal.com/?p=259268 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 chief executive officer of the Detroit office. McCorry, who has …

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Detroit Schools to Pay $425K To Student’s Family http://www.insurancejournal.com/news/midwest/2012/05/03/246220.htm Thu, 03 May 2012 16:06:09 +0000 http://www.insurancejournal.com/?p=246220 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 unassisted by a school aide. The …

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Insurance to Cost $10K per Bus Annually for Private Detroit Bus Line http://www.insurancejournal.com/news/midwest/2012/04/09/242564.htm Mon, 09 Apr 2012 15:56:14 +0000 http://www.insurancejournal.com/?p=242564 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 with three full-size school buses. …

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$20M for Detroit Demolitions Remains Unused http://www.insurancejournal.com/news/midwest/2012/02/17/236072.htm Fri, 17 Feb 2012 16:42:47 +0000 http://www.insurancejournal.com/?p=236072 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 Escrow Fund. It was created by a law requiring …

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Detroit Neighborhood Plans 300 Demolitions http://www.insurancejournal.com/news/midwest/2011/06/24/203912.htm Fri, 24 Jun 2011 13:12:47 +0000 http://www.insurancejournal.com/?p=203912 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 federal grant. Some have taken place already. …

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