QBE Among Insurers Probed On Forced Home Insurance Policies
January 11th, 2012
QBE Among Insurers Probed On Forced Home Insurance Policies
Banks routinely require borrowers to carry homeowners insurance, to protect the house that serves as collateral to the mortgage. The issue is whether bank-affiliated agencies and brokerages are earning fees for doing little to no work, at the expense …
Read more on Wall Street Journal (blog)
Allstate to hike homeowner insurance rates up to 10 percent
by FRANCINE KNOWLES Business Reporter fknowles@suntimes.com January 11, 2012 3:30PM Homeowners insured with Allstate Corp. will soon be hit with rate increases of as much as 10 percent, the company said Wednesday. Rate increases for renewals and new …
Read more on Chicago Sun-Times
Banks Said to Face New York Inquiry Over Home Insurance
11 (Bloomberg) — Banks and insurers including Citigroup Inc. and Assurant Inc. are being investigated by New York's insurance regulator over the prices charged to mortgage borrowers for home insurance, a person familiar with the matter said. …
Read more on BusinessWeek
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