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Even before the loss of its Flight MH370, Malaysian Airline System (MAS) was bleeding cash.

Citibank, N.A., and CitiMortgage, Inc. have agreed to settle a putative class action lawsuit over force-placed insurance. Under the settlement, members of the proposed settlement classes will be entitled to receive more than $110 million in refunds of FPI premiums that were charged to their accounts by Citi.

Citibank, N.A., and CitiMortgage, Inc. have agreed to settle a putative class action lawsuit over force-placed insurance. Under the settlement, members of the proposed settlement classes will be entitled to receive more than $110 million in refunds of FPI premiums that were charged to their accounts by Citi.

J.P. Morgan Chase and lawyers for homeowners who paid for force-placed insurance have settled a lawsuit that calls for the bank to stop accepting commissions for placing FPI from Assurant.

All force-placed insurance firms doing business in New York have now agreed to put in place reforms that will substantively reduce cost of the coverage to homeowners.

A Georgia-based insurance broker tells the FHFA that its proposal to end inappropriate force-placed commissions and reinsurance arrangements does not go far enough. Meanwhile, lawsuits over perceived unfair premiums continue in several states, notably Florida.

A Georgia-based insurance broker tells the FHFA that its proposal to end inappropriate force-placed commissions and reinsurance arrangements does not go far enough. Meanwhile, lawsuits over perceived unfair premiums continue in several states, notably Florida.

Wells Fargo overtook Citigroup Inc. in 2012 to lead all banks in insurance brokerage fee income, according to a recent report, but overall insurance brokerage fee income for banks dropped 20 percent for the year.