Forced Place Insurance Settlement Could Hit $300 Million - Major - TopicsExpress



          

Forced Place Insurance Settlement Could Hit $300 Million - Major insurer Assurant and financial services giant JPMorgan Chase & Co. agreed to pay out some $300 million to settle charges they bilked clients on "forced-placed" property insurance policies. A bank can demand forced place insurance to protect its stake in a property if the homeowner’s own insurance ends, says Reuters. But some lenders have exploited this, working with insurance companies to inflate ... ow.ly/2zQMdm
Posted on: Thu, 12 Sep 2013 16:37:22 +0000

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