Insurance
Mar. 9, 2017
Judge rules insurance premiums were reasonable
In a rare win for mortgage lenders, a state court judge has granted summary judgment to a company accused of force-placing inflated insurance premiums.
Daily Journal Staff Writer
In a case that bucks the trend, a Los Angeles County judge has granted summary judgment to a mortgage lender accused of force-placing insurance policies on its borrowers in exchange for kickbacks.
The ruling ends a class action alleging Sun West Mortgage Co. Inc. forced inflated flood insurance premiums on its borrowers by colluding with Proctor Financial Inc., a Michig...
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