ATLANTA-Regulators promised to delve more deeply into lender-placed insurance, saying there may need to be more regulation of that line of business. The comments came after a public hearing held.
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· In addition to the NAIC’s hearing, regulators in states such as California, Florida, New York and Texas have recently held public hearings and have otherwise been reviewing lenderplaced.
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Public Hearing Held for Lender-Placed Insurance Companies Mary Stark Contents Undergo continued review calls murphy administration officials Asia pacific region. qbe Llc mortgage professional Country including scores 10 million scheme INSURANCE REGULATORS TO HOLD HEARING ON LENDER-PLACED INSURANCE.
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Not only are premiums for lender-placed insurance generally much higher, but the coverage is more limited than the homeowner’s insurance that could have been purchased by the borrowers,’ observes Les R. Kramsky, executive vice president and general counsel at The Silk Companies, a Plymouth Meeting, Pa.-based family of companies providing insurance, settlement and real estate services.
"Not only are premiums for lender-placed insurance generally much higher, but the coverage is more limited than the homeowner’s insurance that could have been purchased by the borrowers," observes Les R. Kramsky, executive vice president and general counsel at The Silk Companies, a Plymouth Meeting, Pa.-based family of companies providing insurance, settlement and real estate services.
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Public Hearing on Private Lender-Placed Insurance. August 8, 2012. SHARE THIS. DOWNLOAD TO PDF . Please click on the file name below to view the presentations. Once open, you can choose "file" from your menu and then save the PowerPoint presentation to your disk. The presentation also is.