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HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates.

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.

The president-elect of Tokio Marine Holdings Inc, Tsuyoshi Nagano, says that Japan's largest property-casualty insurer by market value will continue to aggressively pursue overseas acquisitions amid weak growth prospects at home.

The president-elect of Tokio Marine Holdings Inc, Tsuyoshi Nagano, says that Japan's largest property-casualty insurer by market value will continue to aggressively pursue overseas acquisitions amid weak growth prospects at home.

The Co-operative, Britain's largest mutually-owned business, paved the way for the purchase of 632 bank branches from Lloyds as it announced on Thursday that it planned to sell its general insurance arm to bolster its finances.