Wells Fargo, Assurant Hit With Force-Placed Action

Law360, New York (September 19, 2013, 4:26 PM EDT) -- Wells Fargo Bank NA and Assurant Inc. were hit with a pending class action in Florida federal court Wednesday for allegedly forcing expensive hazard insurance on homebuyers who didn't need it.

Lead plaintiff Delbert Kuehner accused Wells Fargo of forcing customers to pay for Assurant policies at inflated prices for the purpose of enriching the bank and insurer, even when borrowers already had other policies. He has requested a jury trial.

“Wells Fargo routinely exceeds the bounds of reasonableness and the spirit, intent and letter of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.