Insurer Can't Dismiss Kickbacks Class Action

Law360, New York (October 3, 2011, 5:20 PM EDT) -- A Florida federal judge refused Monday to dismiss a putative class action alleging QBE Specialty Insurance Co. paid kickbacks to Wells Fargo & Co. subsidiaries as part of an exclusive agreement that forced pricey homeowners insurance on mortgage holders when their prior policies lapsed.

U.S. District Court Judge Cecilia M. Altonaga rejected QBE Specialty's argument that claims it unjustly enriched itself should be tossed because the homeowners received a benefit for the allegedly high insurance premiums and could have avoided the so-called force-placed insurance by not...
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