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California’s Assault on ‘Force-Placed’ Mortgage Insurance
Force-placed insurance (also known as lender-placed insurance) has been the subject of national scrutiny and investigative hearings in New York and Florida,…Average Health Insurer Rejects More Than 1 In 5 Apps, Report Finds
A new analysis from HealthPocket, Inc., has found that the health insurance industry averaged an application rejection rate of 22 percent…Case keeps copyright on insurance policy
By R. Robin McDonald, Staff Reporter The American Family Life Assurance Co. of Columbus, Ga., noted for the mascot duck that quacks its name-AFLAC-has settled a rare federal case with an agreement that upholds AFLAC's right to copyright its insurance policies.What remains unresolved are a federal judge's concerns that the defendants, insurance conglomerate Assurant Inc.SEC may recommend charges against 2 Assurant executives
NEW YORK AP - Assurant Inc. said Thursday regulators notified the insurer that two employees may face charges for violating federal securities laws.The Securities and Exchange Commission issued "Wells notices" to Michael Steinman and Dan Folse, who are, respectively, the chief actuary and the vice president for risk management for Assurant Solutions/Assurant Specialty Property.Agreement Keeps Insurance Policies Under Copyright Protection
The American Family Life Assurance Co. of Columbus, Ga., noted for the mascot duck that quacks its name -- AFLAC -- has settled a rare federal case with an agreement that upholds AFLAC's right to copyright its insurance policies. What remains unresolved are a federal judge's concerns that the defendants, insurance conglomerate Assurant Inc. and its subsidiaries, "showed contempt" for civil proceedings by making misrepresentations to the court.
Assurant fined $14 million as JPMorgan deals faulted
Assurant was fined $14 million and ordered to cut insurance premiums and make refunds to homeowners after a New York review found the company overcharged clients and won business through improper deals with banks.
South Florida Attorneys Lead Force-Placed Insurance Fight
Homeowners and their attorneys are stepping up their fight over lenders' practice of placing high-priced insurance on properties whose owners have allowed their policies to lapse.Insurance Suit Ends With $14 Million Settlement
After six years and a circuitous route through state and federal courts, a class action claiming that interrelated insurance companies illegally raised health policy premiums on small-group policyholders has settled for more than $14.6 million. "There are going to be substantial refunds for the folks who bought these policies," said one of the lead attorneys. "This is not one of those settlements where you get coupons or a $25 discount on your next purchase." The agreement includes $3.6 million for the plaintiffs lawyers.Insurance suit ends with $14M settlement
After almost six years and a circuitous route through Georgia and federal courts, a class action claiming that several interrelated insurance companies illegally raised health policy premiums on small-group policyholders has settled for more than $14.6 million.The agreement includes a $3.6 million payday for the plaintiffs' team: former Gov.TRENDING STORIES
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