September 14, 2015
A Florida federal judge on Monday issued final approval of a $140 million deal between homeowners, Ocwen Financial Corp. and Assurant Inc. over allegedly inflated force-placed insurance premiums, shooting down objectors' argument that requiring potential class members to file claims is an unnecessary impediment to recovery.
June 05, 2015
Objectors to a $140 million deal between homeowners, Ocwen Financial Corp. and Assurant Inc. over allegedly inflated force-placed insurance premiums asked a Florida federal court Thursday to consider a Ninth Circuit ruling pointing to "subtle signs" that class counsel in that case skewed a settlement in their own interest.
May 27, 2015
Ocwen Financial Corp. and Assurant Inc. on Tuesday fired back at objections to an "extremely generous" $140 million putative class action settlement in Florida federal court in a suit alleging the mortgage borrower inflated force-placed insurance premiums to provide kickbacks to the insurer.
May 14, 2015
A proposed $140 million settlement of a suit alleging Ocwen Financial Corp. and Assurant Inc. ran a kickback scheme involving force-placed insurance hit a snag Wednesday, when a Florida magistrate judge ordered the disclosure of how much money class members would actually receive.
May 13, 2015
Two members of a federal class action in Florida objected Tuesday to a proposed $140 million settlement with Ocwen Financial Corp. and Assurant Inc. over an alleged kickback scheme involving force-placed insurance, questioning how that amount was reached and how it will be disbursed.
April 28, 2015
Ocwen Financial Corp. and Assurant Inc. have agreed to pay $140 million to settle a putative class action in Florida federal court with homeowners who say Ocwen artificially inflated the cost of premiums for forced-placed insurance in exchange for kickbacks from Assurant.