June 23, 2015
Four class members in an approved $228 million settlement between Bank of America NA and a group of homeowners accusing the bank of inflating their premiums for force-placed insurance and receiving kickbacks from the insurance company on Monday dismissed their objections in the Eleventh Circuit.
April 07, 2014
Bank of America NA has agreed to pay $228 million to settle a putative class action accusing the bank of overcharging homeowners for force-placed insurance, according to a Thursday filing in Florida federal court.
May 16, 2013
A Miami federal judge on Thursday refused to dismiss several putative class actions in Florida that claim a slew of major banks and insurance companies conspired to overcharge homeowners for force-placed insurance, also saying that the cases will move quickly.