Force-Placed Policies Likely Gouge Homeowners, NY Says
Insurers owned by New York-based Assurant Inc., Sydney-headquartered QBE Insurance Group Ltd., and Swiss-based Zurich charge high premiums for the so-called force-placed policies but pay out as little as 20 cents on the dollar to fund claims, agency head Benjamin M. Lawsky said.
"In addition, questionable...
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