Public Hearing Held for Lender-Placed Insurance Companies

LENDER FORCE PLACED INSURANCE LITIGATION YouTube 4 3  · NAIC Report-2018 spring national Meeting. The National Association of Insurance Commissioners (NAIC) held its 2018 Spring National Meeting from March 24 through 27 in Milwaukee, Wisconsin. The winds off Lake Michigan were chilly, but the welcome was warm. The Spring National Meeting was the first in what is expected to be a busy year for the NAIC,

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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.