Christine Ferretti The Detroit News Published 3:05 p.m. UTC Jul 19, 2018 A retired widow, Debra Westbrook spends most of her time caring for her bedridden adult son. But it's become more challenging, she said, after the city’s 2013 bankruptcy dealt a blow to her pension and health care that “threw everything into chaos.” These days, the 64-year-old former Detroit water department worker said she’s struggling to cover more than $1,400 in monthly costs for her son's care, her mortgage, insurance and other bills. "It’s eating me up alive," said Westbrook, who has seen her monthly pension drop from about $2,400 to $1,900 and is paying $788 a month for medical coverage. "Every month I'm robbing Peter to pay Paul." Westbrook worked for the city of Detroit for 33 years before retiring in 2010 as the city struggled with its finances. Her son, Marvin, 32, was born premature and has endured cerebral palsy, hydrocephalus and seizure and … [Read more...] about Detroit bankruptcy ‘threw everything into chaos’ for retirees
What liability coverage for car insurance
Tweet TweetSelecting the right car insurance can be difficult if you don’t understand all aspects of it and this is why many people are spending too much money on the insurance for their vehicles. If the time for renewal is now, it is important that you invest time rather than money, into getting the lowest cost and highest quality car insurance that you are able to. In order to help you make the right choice, here are some answers to some very common car insurance questions. What Kinds of Cover Are There? When it comes to the cover which is available, you will find that there are many, some optional and others mandatory as required by law. Let’s first take a look at the covers which are required by law. – Liability Insurance – The majority of states require car owners to have this cover which pays out for any property damage or injuries which you cause to others in an accident. This only covers injury or damage to others, not yourself. – Personal … [Read more...] about Your Car Insurance Questions Answered
Mary didn’t know anything was wrong with her old Ford SUV when it was loaded onto a container ship in Europe in mid-2015. But she found out the hard way when it caught fire below deck, taking $45 million worth of other cars with it, causing another $55 million in damage to the vessel and its cargo, and sparking a legal fight between two car companies and the U.S. Department of Justice that remains ongoing. Mary—a U.S. Department of Agriculture employee who was shipping her car to Belgium as part of a relocation—wasn’t aware of the 10 recall notices that went out for the Escape, including two defects that had the potential to start a fire while it was off, according to legal filings and a 2017 summary of an investigation by the National Transportation Safety Board. In total, the incident caused $100 million in damage, nearly half attributable to junked BMWs, Daimlers and Fords. The fire set off an intense legal dispute over the damage that roped in BMW, Ford … [Read more...] about How One Recalled SUV Destroyed $45 Million In Cars, Burned A Massive Ship, And Sparked A Legal Battle Between Ford And BMW
You do not need a driver’s license to legally buy a car, but laws preventing you from driving present something of a roadblock if you had planned to get behind the wheel. There are situations in which a buyer with no license may want to purchase a car for someone else to drive, however, and there are processes to make that happen. Buying a car without a license for someone else to drive There are all kinds of reasons why you might want to buy a car without intending to drive it yourself. It could be a gift for a spouse or son or daughter, a vehicle for your caregiver, if you have a disability, or you may be a business owner buying a company car for employees to drive, for example. It’s possible to buy a car without a license using cash and, in some cases, with financing, too. In many states you will need insurance and government identification in order to register the vehicle with your department of motor vehicles, and it’s a good idea to check with your local … [Read more...] about Do you need a license to buy a car?
A Sparks-based insurance company that was seized by Delaware regulators faces possible liquidation in a wild case — one with dueling allegations of fraud, forgery and a vendetta, plus a sanction involving an Aston Martin sports car.Delaware's Department of Insurance said Monday that Indemnity Insurance Corp. is in bad financial shape, and efforts to rehabilitate the company to avoid liquidation "have not been successful." Indemnity's founder — who contends the company is financially solid — said the regulator has indicated in court that it wants to move this week to liquidate the firm.Indemnity is a significant player in the insurance niche for bars, taverns and nightclubs. The months-long situation has left some local businesses in the lurch.Ron Furman, owner of Max's Taphouse in Fells Point, said the closest he could come to replacing $1 million in assault-and-battery coverage from Indemnity was a $100,000 policy. Since the seizure last year, he said, he's been left … [Read more...] about Md. insurer, seized by regulators, could be liquidated