inflated property insurance rates News

Mississippi Lawmakers Push Bill That Would Disclose Insurance Costs

A group of lawmakers and residents from the Mississippi Gulf Coast are again pushing a bill that would require insurance companies to disclose how much they’re charging customers by geographic area. The idea, which originated in Alabama, is meant to …

HSBC, Wells Fargo Settle Forced Property Insurance Lawsuits

HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as $32 million to resolve the claims, …