Following an investigation and audit by Attorney General Maura Healey’s Office, a major Massachusetts insurance company is paying more than $6.3 million in refunds to more than 4,500 homeowners who were improperly charged for property insurance.
Major Insurance Company to Refund Massachusetts Homeowners for Improperly Charged Force-Placed Insurance
In the third such settlement in the past year, a company has agreed to provide refunds to Massachusetts homeowners who were improperly charged for force-placed insurance policies, Attorney General Maura Healey announced today.
FAIR Plan to Refund Consumers $350,000 Over Allegations it Unfairly Cancelled Homeowners Insurance Policies
The Massachusetts Property Insurance Underwriting Association (FAIR Plan) has agreed to pay $350,000 to resolve allegations that it impermissibly cancelled homeowners insurance policies between January 2010 and February 2014, Attorney General Maura Healey announced today
National mortgage lender and servicer HSBC has agreed to pay $4 million to resolve allegations that it received commissions and other kickbacks relating to force-placed insurance policies that it procured for struggling Massachusetts homeowners, Attorney General Maura Healey announced toda
A Norwell-based mortgage broker, one of its loan originators, and an outside insurance agent have been sued for sales tactics that convinced elderly homeowners to apply for reverse mortgages and invest their proceeds in risky financial products, including variable annuities, Attorney General Maura Healey announced today.
MassHousing announced today that Southern Mass Credit Union (SMCU) is now approved to insure home mortgage loans with MassHousing’s signature MI Plus™ mortgage insurance.
WALTHAM, Mass. - February 4, 2014 - (RealEstateRama) -- Massachusetts REALTORS® applauded U.S. Senate passage today of the Homeowner Flood Insurance Affordability Act, S. 1926. In a 67-32 bi-partisan vote, the bill would require a four year delay in implementation of costly flood insurance rate increases resulting from the 2012 Biggert-Waters Act.
AG Coakley, Speaker DeLeo File Legislation Limiting Amount of Mandatory Flood Insurance for Homeowners
BOSTON - October 16, 2013 - (RealEstateRama) -- In an effort to assist homeowners facing significant flood insurance increases due to FEMA’s updated and expanded flood zone maps, Attorney General Martha Coakley and House Speaker Robert DeLeo have filed legislation today to cap the amount of flood insurance mortgage lenders may require of homeowners
With Tornado and Wind Damage Covered by Homeowners Insurance, Patrick-Murray Administration’s Division of Insurance...
BOSTON, MA - June 2, 2011 - (RealEstateRama) -- With tornado damage covered by homeowners’ insurance, the Patrick-Murray Administration’s Division of Insurance is offering tips on the best way to file a claim with an insurance company to families who suffered damage in yesterday’s tornadoes and storms.
Decision prevents premium hikes for FAIR Plan policy holders across the state BOSTON – Insurance Commissioner Nonnie S. Burnes today denied the FAIR Plan’s request...
Multi-disciplinary Group Advises Clients on Full Range of Legal Issues in Wake of Subprime Market's Collapse BOSTON, MA - December 3, 2007 - Responding to an...
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