9th Circuit Questions Ruling that Filed Rate Doctrine Bars Kickback Claims January 6, 2021 By Jim Sams Nearly a decade after regulators first heard allegations that carriers were paying kickbacks to mortgage servicers who purchased lender-placed insurance...
Feds Consider Lawsuits on Alleged Forced Insurance Kickbacks June 27, 2014 By JEFF HORWITZ The government is considering whether to sue banks and other mortgage servicers to recover its losses from alleged insurance kickbacks...
JPMorgan in $300M Settlement Over Force-Placed Homeowners Insurance September 10, 2013 By Dena Aubin JPMorgan Chase & Co and a major insurer have agreed to a $300 million settlement to resolve accusations that they...
New York Hearings on ‘Forced’ Insurance in Foreclosure May 22, 2012 By MICHAEL VIRTANEN Premiums for so-called force-placed insurance have more than tripled since 2004, producing enormous profits for insurers and the banks that...