Friday, June 1, 2012

New York investigating home insurance kickbacks | Long Island ...

by Claude Solnik
Published: May 31, 2012
Tags: Assurant, banks, Chase Insurance Agency, commission payments, force-placed insurance, foreclosures, GMAC Mortgage, Home insurance, insurance, Insurance policy, insurance rates, JPMorgan Chase, kickbacks, Kirby McInerney Strauss, mortgage payments, pension funds, policies, QBE, Real Estate, real estate investors, scam, scandal, Servicers, The New York State Department of Financial Services

The state is looking into what appears to be a far-ranging web of kickbacks in a growing part of the home insurance industry, affecting hundreds of thousands of homeowners, increasing foreclosures and hurting real estate investors. The New York State Department of Financial Services last week held hearings on a largely unregulated part of the home ...

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