News

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.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

Personal lines insurers and their captive and independent agents will be paying close attention this week as the House works to craft a politically acceptable bill that will delay or reduce National Flood Insurance Program premium increases mandated by a 2012 law.

A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc.

It typically is a rather straightforward matter when an insurance company pleads diversity jurisdiction. In some instances, however, the question of a defendants citizenship can be complicated or even unknown. A recent decision suggests how an insurer can plead diversity when it cannot reasonably ascertain the facts supporting jurisdiction.