TITLE

Wells Fargo, QBE to Pay $19M to Settle Force-Placed Lawsuit

AUTHOR(S)
Browdie, Brian
PUB. DATE
May 2013
SOURCE
American Banker;5/15/2013, Vol. 178 Issue 75, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports lender Wells Fargo and insurer QBE agreed to pay $19.3 million to settle a lawsuit in Florida that claims they overcharged homeowners for lender-placed or force-placed insurance policies on their properties. The article notes the settlement includes a 25 percent refund for the borrowers. It also notes the lawsuit was filed in April 2011 and the settlement was filed on May 13, 2103 in the U.S. District Court in Miami (Florida).
ACCESSION #
87663320

 

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