Force placed insurance crackdown launched in the United States

force placed insurance

American housing regulators are putting a stop to wrongful practices in this sector of the market. Housing regulators in the United States have commenced a crackdown on the practices surrounding force placed insurance, which is an entirely legal and often necessary form of coverage that has been abused in recent years in the American marketplace. The problem is that this misuse is causing harm to struggling borrowers which is sometimes unnecessary. The issue is that the coverage that is purchased through force placed insurance is often considerably more expensive than…

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