Insurer Says BofA Customers' Fraud Claims Fall Short
By Ian Thoms
Law360, New York (August 26, 2011, 1:41 PM ET) -- Intersections Insurance Services Inc. urged a California federal court Thursday to dismiss a proposed class action that alleges it and Bank of America Corp. forced customers into insurance policies without their permission, saying the claims don't meet pleading standards.
The plaintiffs allege that Bank of America allowed the affiliated insurer to take $20 or $40 monthly payments out of customer bank accounts without their approval. They say they never signed up for an insurance policy with Intersections, which does business as Smart-Step Protector Insurance.