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News
Mortgage Servicer Paying $15.5 Million Settlement Over 'Force Placed' Insurance Costs
3+ week, 5+ day ago (191+ words) One of the nation’s largest mortgage servicers is paying millions of dollars to settle charges it imposed insurance costs on borrowers who already had homeowners insurance policies. Forty-eight state financial agencies reached a $15.5 million settlement with NewRez LLC for improperly…...
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
2+ mon, 5+ day ago (269+ words) Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to…...