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"Lender Force-Placed Insurance Practices" (American Bar Association 2015).![]() This book is about the way lenders and their servicers make extra money from hidden mortgage charges. When we sign a loan contract, we almost always agree to buy insurance to protect the collateral. In the case of a house, we agree to maintain homeowner's insurance and protect the lender's interest. If for any reason our own insurance no longer protects the collateral, then the lender can force-place insurance to protect its interest in our collateral, and bill us for the new premium. The research behind this book rests on public records concerning lender force-placed insurance or "LFPI." It also includes commentary on the issues in newspapers, books, and magazines. For the first time so far as is known to the author, it also includes a thorough review of the Court Files in lender force-placed insurance cases including the National Mortgage Settlement Court File. The National Mortgage Settlement did not require anyone to end LFPI practices. It only required that LFPI practices be suspended for a short time. Settlements in individual cases likewise include only a moratorium on LFPI practices for a short time, not a ban for all time. This book concludes with a series of potential recommendations on ending the alleged abuse of LFPI as a way of doing business anywhere in the United States. |
Quick Links"Litigation and Prevention of Insurer Bad Faith" (3d edition, 2 Volumes With 2018 Supplements Written by the Author, Thomson Reuters West).
Buy this book from Thomson Reuters Legal Solutions Online Store! Co-Author, "Catastrophe Claims: Insurance Coverage for Natural and Man-Made Disasters" (November 2018 Thomson Reuters West Publishing Co.).
Buy this book from Thomson Reuters Legal Solutions Store Online! CLAIMS AND ISSUES BLOG
Encountering claims and issues of all kinds, including in courts. Claims and Bad Faith Law Blog.
He is also the author of the influential "Claims and Bad Faith Law Blog," formerly known as "Insurance Claims and Bad Faith Web Log." ATTORNEYS DECIDE, JUDGES SIGN OFF: PROTECTING AND SEALING CONCEALED EVIDENCE.
This article, published in Spring 2017 in New Appleman on Insurance Current Critical Issues in Insurance Law, is linked here courtesy of the copyright holder, Matthew Bender & Co., a member of the LexisNexis Group. Thomson Reuters Legal Solutions Podcast featuring Dennis Wall.
Thomson Reuters Legal Solutions Podcast featuring Dennis Wall reading from "Litigation and Prevention of Insurer Bad Faith" in the Summer of 2015. Authors Guild
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