Force-Placed Insurance Lawsuits Challenge Predatory Practices
Yet another force-placed insurance action is now proceeding in federal court against CitiMortgage, CitiGroup, American Security Insurance Company, and Assurant, Inc. The claim alleges the CitiMortgage (including CitiGroup and CitiBank) engaged in deceptive practices when force-placing insurance policies on borrowers, including violations of the Truth in Lending Act, the RICO Act, and other consumer protection laws.
