Regulators in the state have announced that they have come to an agreement with the insurer. State regulators from New York have announced that they have come to a settlement with QBE Insurance Group regarding the issue of forced placed insurance purchased on behalf of homeowners. As a part of the settlement, the insurer has agreed to pay a penalty of $10 million. This penalty is meant to help to make restitution to the homeowners who faced hardships as a result of the force placed insurance that was purchased on…
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