Tag Archives: forced placed insurance

Update: The New York Department of Financial Services Orders Force-Placed Insurers to Submit New Rates

We have an update to our May blog post regarding The New York State Department of Financial Services (“DFS”) probe into the “force-placed insurance” industry. After holding several days of public hearings the DFS determined that numerous insurers have been … Continue reading

Tags:  , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Wells Fargo Denied Bid to End Insurance Kickback Class Action Lawsuit

In April 2011, several homeowners brought a class action lawsuit against Wells Fargo Bank and QBE Specialty Insurance Co. involving “force-placed insurance.” According to the complaint, all homeowners who have mortgages with defendant Wells Fargo are required to maintain insurance … Continue reading

Tags:  , , , , , , , , , , | 1 Comment