Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage, including collision and ...

The suit alleges that Aon “ignored red flags” and encouraged business partnerships despite internal doubts regarding ...

Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

At least 655,000 vehicles financed through Wells Fargo had collateral protection insurance placed on them by National General Holdings or its subsidiaries, the lawsuit says. August 07, 2024 06:00 AM ...

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

The government has sued National General for allegedly forcing customers to get collateral protection insurance. The government said at least 655,000 vehicles were required to get insurance from ...

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of ...

Insurance on lender assets takes many forms, but one of the most common and basic is tracked collateral protection insurance, also known as lender-placed or forceplaced insurance.

FORT WORTH, Texas-As the unemployment and foreclosure rates continue to climb, so does the number of people who forgo insuring their vehicles, making collateral protection insurance even more critical ...

The U.S. has filed a civil lawsuit against National General Holdings Corp., owned by Allstate (NYSE: ALL), for allegedly falsely placing insurance on at least 655K borrowers' vehicles in a scheme ...