Officials in the Detroit suburb of Dearborn say about 40 percent of homes and commercial properties in the city were flooded or had sewer backups in their basements when heavy rain hit the area on Aug. 11. The National Weather …
A woman died when her vehicle became stranded in 3 feet of water in suburban Detroit, after heavy rain across southeastern Michigan left many roads impassable. Fearing more motorists could become stranded a day after a storm dumped more than …
Detroit overcame efforts by bond insurers that might have slowed its plan to exit bankruptcy before the end of the year, while the judge on the case said he was open to taking a bus tour to see what shape …
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 million exposure to the city. Since …
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 and other creditors. At issue is whether the northern California …
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. …
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 …
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 …
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 …
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. …
