<http://blogs.reuters.com/felix-salmon/2010/11/09/the-force-placed-insurance-scandal/>
And the Dodd-Franks' financial regulation bill has restricted these sorts of shenanigans, a bill that the incoming Congress has vowed to destroy. Loan servicing companies (those folks who manage your escrow account and pay your insurance and taxes while you have a mortgage, the 'ti' of 'piti' you pay every month.) let insurance lapse, so they can replace it with much higher-cost policies. (in one case an $80,000 property had a $10,000 insurance policy) This is what unregulated finance accomplishes: pervasive fraud. -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
