Assurant, Citibank Try To Sink Force-Placed Insurance Claims

Law360, New York (April 19, 2013, 8:49 PM EDT) -- 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.

In its motions to dismiss, Assurant claimed that it has never sold, underwritten or issued insurance policies in any state and it has never contracted with fellow defendants in the four actions, Citibank, JPMorgan Chase Bank NA, HSBC Bank USA...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.