First Horizon Accused Of Reinsurance Kickback Scheme

Law360, New York (June 01, 2012, 5:38 PM ET) -- First Horizon National Corp. and a number of mortgage insurers were hit with a proposed class action Thursday in Pennsylvania federal court alleging they are engaged in a scheme in which insurers pay First Horizon kickbacks disguised as reinsurance premiums in exchange for referrals.

Homeowners Saydei Barlee and Barry Broome allege that First Horizon refers customers to United Guaranty Residential Insurance Co., Genworth Mortgage Insurance Corp., Republic Mortgage Insurance Co. and Radian Guaranty Inc., who in turn pay First Horizon kickbacks through its subsidiary FT Reinsurance...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

BARLEE et al v. FIRST HORIZON NATIONAL CORPORATION et al


Case Number

2:12-cv-03045

Court

Pennsylvania Eastern

Nature of Suit

Real Property: Other

Judge

HARVEY BARTLE, III

Date Filed

May 31, 2012

Law Firms

Companies