JPMorgan Chase Force Placed

03/05/2014

Force-Placed Insurance Settlement Against JPMorgan Approved

Force Placed Insurance Lawsuits

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 Chase and Assurant, Inc.. While the settlement originally received the court’s preliminary approval back in October 2013, some homeowners objected to its terms.  In particular, homeowners argued that the claim form requirement under the settlement agreement was unfair because Chase retained the unilateral power to... Read More