The Andres Lopez Law Firm

March 2013 Archives

Regulators are cracking down on forced homeowners insurance

Federal regulators with the Federal Housing Finance Agency say that they are cracking down on something called forced-place insurance, which are policies that banks force struggling homeowners to take out during the foreclosure process to secure the property against damage. Some states have already taken action against this type of policy, which is purchased by the bank and then billed to the homeowner.

Homeowners endure long fight with insurers over hurricane damage

Homeowners all along the East Coast continue to struggle to get the compensation that they are entitled to under the National Flood Insurance Program following the tremendous damage done by Hurricane Sandy late last year. The National Flood Insurance Program is a government insurance pool that is administered by private insurance companies.

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