Force placed insurance penalties to be paid by Assurant

force placed insurance
State Farm insurance company sues A...
➡️ WATCH TOP INSURANCE NEWS STORIES IN: ENGLISH & SPANISH

The amount that the company will be paying will come to an estimated $14 million. Assurant Inc., the largest provider of force placed insurance in the United States, is now facing voluntary penalties of $14 million, following the outcome of an investigation that called the company’s practices into question. This is one of the latest of several similar penalties being faced by insurers with similar practices. Force placed insurance is a completely normal and legal form of coverage in the United States, and is purchased on behalf of a homeowner…

Read More