August 15, 2016
American Modern Insurance Group Inc. urged a New Jersey federal judge Monday to dismiss a class action complaint alleging it conspired with a home mortgage servicer in a kickback scheme profiting from so-called force-placed hazard policies, arguing that homeowners can't challenge its rates because they have been approved by state regulators.
May 13, 2016
An insurer was slapped with a class action complaint in New Jersey federal court Thursday for allegedly conspiring with a home mortgage servicer and a financial services company in a kickback scheme profiting from so-called force-placed insurance policies that impose artificially steep rates on homeowners.