October 29, 2014
A Florida federal judge on Wednesday granted final approval to HSBC Bank USA NA and three insurers' $32 million settlement of a class action accusing them of overcharging more than 250,000 homeowners for force-placed insurance, overcoming earlier concerns to okay the deal.
October 22, 2014
A trio of insurers on Tuesday rebuffed a Florida federal judge's request that they sweeten a proposed $32 million settlement in a class action accusing them and HSBC Bank USA NA of overcharging homeowners for force-placed insurance, saying the current deal treats class members fairly.
August 20, 2014
Disgruntled class members on Tuesday pressed a Florida federal judge to scrap a $32 million settlement of a suit alleging HSBC Bank USA NA and others overcharged homeowners for force-placed insurance, again pointing to an alleged conflict involving a named plaintiff who is also a partner at class counsel's law firm.
March 28, 2014
Class members in a putative class action alleging HSBC Bank USA BA overcharged them for forced-placed insurance claimed Friday that the suit's named plaintiff is a partner at Kozyak Tropin & Throckmorton PA, the firm representing him, and asked a Florida federal judge to wind back his preliminary approval of a settlement.
February 28, 2014
Homeowners who claim they were overcharged for force-placed insurance asked a Florida federal judge Friday to preliminarily approve a settlement that provides "a significant monetary award" to homeowners and $10 million in attorneys' fees in a class action against HSBC Bank USA BA.
May 16, 2013
A Miami federal judge on Thursday refused to dismiss several putative class actions in Florida that claim a slew of major banks and insurance companies conspired to overcharge homeowners for force-placed insurance, also saying that the cases will move quickly.
April 19, 2013
Assurant Inc. sought Friday to dismantle four putative class actions in Florida claiming it conspired to overcharge homeowners for force-placed insurance, arguing that it had no involvement, while Citibank NA told a judge that one of those suits should be tossed because no contracts were breached.