An undetermined number of employees are expected to be laid off in the wake of the rehabilitation order by state of Michigan’s OFIR for the insurer American Community Medical.
Based out of Livonia, American Community is one of Michigan’s’ oldest insurance companies.
Due to ongoing financial problems, the company was placed on rehabilitation on April 8th, 2010.
Rehabilitation is corporate reorganization under Chapter 81 of the Michigan Insurance Code.
There are at least 280 people were employed there in 2009.
If you are an American Community policyholder you do have options. If you would like to review your options please don’t hesitate to give us a call.
Originally posted 2010-04-25 18:03:30. Republished by Blog Post Promoter