May 12, 2014
A New York federal judge on Friday granted preliminary approval to MidFirst Bank's $2.7 million settlement with a class of homeowners who claim the bank profited by forcing them to buy unneeded flood insurance at inflated costs.
May 06, 2014
Midfirst Bank and its home insurance unit agreed on Monday to pay $2.7 million to end a lawsuit accusing them of forcing homeowners to pay for unnecessary flood insurance and profiting from it, according to a settlement deal filed in New York federal court.
February 05, 2014
Citibank NA has agreed to pay more than $110 million to settle a putative force-placed insurance class action accusing the bank of forcing homeowners to carry excessive flood and hazard coverage and profiting from it, according to documents filed Wednesday in New York federal court.