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PNC Bank (Forced-Placed Insurance) »
Defendant: PNC Bank
PNC Bank agreed to a settlement regarding its forced-placed hazard insurance practices on homeowners. The lawsuit alleges that PNC Bank 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 Claim deadline is Wednesday, 08 June 2016.
PNC Bank (Forced-Placed Insurance) »
Defendant: PNC Bank
PNC Bank agreed to a settlement regarding its forced-placed hazard insurance practices on homeowners. The lawsuit alleges that PNC Bank 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, 2008 and September 30, 2015 may be eligible to receive back 12.5% of the net premium.
Claim deadline is Wednesday, 08 June 2016.
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