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

Browdie, Brian
May 2013
American Banker;5/15/2013, Vol. 178 Issue 75, p5
Trade Publication
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).


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