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Sort by date 2,477 pages found matching insurance- Midfirst Bank Settles Forced-Placed Class Action for $2.7 Million
May-23-14 New York, NY Yet another Force-placed insurance lawsuit accusing a major bank of forcing unnecessary flood insurance onto the backs of homeowners at inflated rates and profiting from the forced placement has settled for $2.7 million. The lender insurance class-action lawsuit, which involved Midfirst Bank in a consolidated action that also had Citigr... - New York Urges National Adoption of Force-Placed Insurance Reforms
Aug-12-13 Albany, NY Lost somehow in the shadow of much larger settlements with Assurant Inc. ($14 million) and Wells Fargo Bank ($19.5 million) is a $10 million penalty against QBE Insurance Group Ltd. (QBE) following an investigation by New York’s Department of Financial Services into allegations of price gouging and kickbacks related to the provision of len... - Assurant Inc. Faces $14 Million in Penalties Over Forced-Place Insurance
May-4-13 New York, NY It’s not clear if mortgage holders requiring homeowners insurance to protect their collateral are actually happy when a struggling homeowner feels the need to drop their insurance. You wonder. Because in such an instance, homeowners can be forced to accept insurance, known as Force-Place Insurance , at rates much higher than is the no... - Investigation Underway into Mortgage Insurance Practices
Aug-21-12 Newark, NJ Following concerns regarding certain force-placed insurance companies and their practices comes news that a mortgage insurance investigation has been undertaken by the Consumer Financial Protection Bureau. Though force-placed insurance differs from mortgage insurance, force-placed insurance lawsuits have also been filed against some banks an... - Home Warranty Insurance Claim Denied Lawsuit
Lawsuits have been filed against various home warranty companies alleging the companies practice bad faith insurance . Specifically, customers allege in these home warranty lawsuits that home warranty providers—that is, third party administrators (TPA) that offer extended warranties —illegally deny claims, a situation similar to having an... - GMAC Mortgage Faces Class Action over Alleged Forced Placed Insurance Kick Backs
New York, NY: A class action lawsuit has been filed in the United States District Court for the Southern District of New York against GMAC Mortgage, LLC and Balboa Insurance Company in connection with an allegedly unlawful kickback scheme involving force-placed insurance. The case is brought on behalf of a putative class consisting of all residen... - Homeowners and Regulators Take Action against Force-Placed Insurance Companies
Apr-26-14 Miami, FL Following increased media coverage regarding force-placed insurance and recent force-placed insurance lawsuits and settlements, regulators in Florida have taken action to protect homeowners in the state from allegedly predatory practices. Two companies that offer force-placed insurance, also called lender-placed insurance, will have to comply... - Health Insurers' Medical Claims Denial Lawsuit News & Legal Information
Medicine and healthcare has evolved: treatments and services available today were non-existent a few decades ago. But health insurance has also evolved, often to our detriment. Increasingly, bad faith insurance lawsuits are filed against Health Insurers denying medical claims. Insurers such as Anthem & Blue Cross/Blue Shield require increasingly high co-... - Wells Fargo to Pay $19 Million in Force-Placed Insurance Lawsuit
May-25-13 Miami, FL In yet another settlement involving a force-placed insurance lawsuit , a major financial firm has agreed to pay $19 million to settle allegations about its force-placed insurance practices. The force-placed insurance class action was filed against Wells Fargo in 2011, on behalf of Florida homeowners. According to South Florida Business Jou... - hurricane damage insurance claim denial
Unfair Claim Denial and other issues related to Hurricane Katrina Property Insurance Damage Claims In light of the incredible disaster and tragedy suffered by the recent victims of Hurricane Katrina in Louisiana, Mississippi, Alabama and Florida, billions of dollars in homeowner and other property insurance claims, including automobiles, bo... - California City Lawsuit Alleges Bad Faith Insurance
Jan-9-13 Tulare, CA The City of Tulare has launched a bad faith insurance lawsuit against a Canadian-based insurance company over its refusal to cover medical bills for the deceased daughter of one if its city employees. The lawsuit is the city's response not only to the alleged bad faith insurance issue, but also to a lawsuit filed against the City of Tulare b... - California Insurance Lawsuits
Nov-12-12 Los Angeles, CA Individuals who have had their insurance claim denied should consider contacting an insurance lawyer to help them either file a lawsuit or file an appeal against the insurance company. Whether a lawsuit or appeal is filed, insurance claim help from an attorney can make the process smoother for the claimant, and may make a huge differenc... - Consumers Hit with Massive Universal Life Premiums Join Class Action
Sep-25-16 Los Angeles, CA: Rip off is a harsh term, although one plaintiffs embroiled in Life Insurance Rip Off lawsuits use with complete comfort. At the very least, consumers holding universal life insurance policies currently facing massive rate increases are stuck with a classic catch 22 situation, in that policyholders annoyed with rising premiums, or unabl... - Cigna Long-term Disability Lawsuit Information & Legal News
Cigna faces allegations from policyholders that it unreasonably delays or denies payment of long-term disability insurance claims. Policyholders allege they pay into their long-term disability policy in good faith but have their claims denied for illegitimate reasons, putting them in a financially vulnerable situation. When insurance companies such as... - Bad Faith Insurance Companies and Consumer Recourse
Feb-22-06 What recourse is there for the claimant (also referred to as victim) against Insurance Companies acting in Bad Faith? As told by Paul Cohen, Director of Communications, FBIC, (Fight Bad Faith Insurance Companies) at www.badfaithinsurance.org About FBIC:[ badfaithinsurance.org ] The idea of our website is simple - we want to show consumers that... - Bad Faith Insurance: Computers Do the Dirty Work
May-9-09 Seattle, WA He is one of the current faces of bad faith insurance —a good guy now, given that he's no longer giving folks a hard time over their bad faith insurance claims. And Richard Dietz would certainly be a handy aid for any bad faith insurance attorney looking for an ally in the often-murky world of insurance. Dietz is a former claims supervis... - Forced-Placed Insurance Class Action Targets Three Defendants in New Jersey
Jun-24-16 Newark, NJ: The Lender insurance lawsuits just keep on a-comin’ as homeowners fight back against alleged profiteering on the part of insurance providers and mortgage companies at the expense of the homeowner. The latest Force-placed insurance lawsuit has been filed as a class action in US District Court for the District of New Jersey. Plaintif... - State Farm Insurance California: Customers Paying Too Much
Apr-1-07 San Diego, CA: California State Farm Auto Insurance policyholders may have paid an illegal accident surcharge if they bought their car insurance with the company any time from 1997 to 2002. The fee was charged to people who were either previously uninsured or who could not prove that they had insurance prior to buying insurance from State Farm. The ac... - HSBC, Assurant Agree to Settle Force-Placed Insurance Class Action for $1.8 Million
Apr-16-15 Colorado Springs, CO A well-known national bank that is alleged to have accepted kickbacks from an insurance provider when placing lender insurance on uninsured or under-insured properties, agreed last week to pay $1.8 million to settle a Force-placed insurance lawsuit. As part of the settlement, HSBC Bank will return some 90 percent of the commissi... - Force-Placed Insurance Lawsuits Forcing Industry to Rethink Practices
Feb-26-15 New York, NY As some force-placed insurance lawsuits move closer to resolution, more companies are announcing that they are stopping force-placed insurance practices. Meanwhile, federal regulators have also considered implementing new rulings to curb unethical practices used by some companies in the industry. Force-placed insurance, sometimes called...