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Everbank (Forced-Placed Insurance) »
Defendant: Everbank
Everbank agreed to a settlement regarding its forced-placed hazard insurance practices on homeowners. The lawsuit alleges that Everbank forced consumers to purchase unnecessary expensive hazard insurance (“LPI Policy”). The bank received kickbacks from the insurers for choosing the more-expensive policies for the homeowners. Borrowers who paid for overpriced Claim deadline is Tuesday, 26 April 2016.
Everbank (Forced-Placed Insurance) »
Defendant: Everbank
Everbank agreed to a settlement regarding its forced-placed hazard insurance practices on homeowners. The lawsuit alleges that Everbank forced consumers to purchase unnecessary expensive hazard insurance (“LPI Policy”). The bank received kickbacks from the insurers for choosing the more-expensive policies for the homeowners. Borrowers who paid for overpriced hazard insurance premiums issued by certain insurance companies between January 1, 2009 and August 31, 2015 may be eligible to receive back 12.5% of the net premium. Deadline to submit claim form subject to change without prior notice.
Claim deadline is Tuesday, 26 April 2016.
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