Public Hearing Held for Lender-Placed Insurance Companies

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The Florida Office of Insurance Regulation (Office) is conducting a public hearing to review the proposed rate filing for Praetorian Insurance Company’s (Praetorian) property collateral protection program, also known as "lender-placed" or "force-placed" insurance.

Rising Delinquency Rates on Residential Mortgages Sharply Increased the Demand for Lender-Placed Coverage Beginning in 2007. Source: Data are drawn from Milliman Inc., Testimony of Sheri L. Scott, FCAS, MAAA, at NAIC Public Hearing on Lender-Placed Insurance, August 9, 2012.

Lender-Placed Insurance is Topic of Public Hearing At a public hearing held on August 9, before the official opening of the Summer Meeting, regulators not only heard concerns of consumer groups.