New Questions about Banks’ Force-Placed Insurance Deals

QBE, carrier used by Wells Fargo and SunTrust, avoids oversight through ‘surplus lines’ structure Jeff Horwitz, American Banker The first time Luis Juarez heard of force-placed insurance was when he received a $25,000 bill for it in the mail. A Florida doctor and homeowner, Juarez had been dropped by his previous insurer over a roofing […]