Category: Force-Placed Insurance

Force-Placed Insurance

Force-Placed Homeowners Insurance Update: New Rules Applicable to Mortgage Servicers

New mortgage servicer rules were enacted by the Consumer Financial Protection Bureau (CFPB), effective January 1, 2014. The new rules amend Regulations X and Z, under the Real Estate Settlement Procedures Act and Truth in Lending[...]

Force Placed Insurance Lawsuits

Force-Placed Insurance Settlement Against JPMorgan Approved

A federal judge in Miami has approved settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices. The settlement provides class members with a 12.5% refund of the forced-place insurance premiums charged by[...]

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Force-Placed Insurance Plaintiff Denied National Class Action Standing

A federal court in Pennsylvania has ruled that an Ohio-homeowner could not bring a national class action lawsuit over force-placed insurance in Pennsylvania. Plaintiff Xi Chen Lauren brought suit against an Assurant Inc. subsidiary for working[...]