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Developments on Force-Placed Insurance

Spring Meeting of the Surplus Lines Law Group
Robert Barbarowicz
April 4, 2014

Robert Barbarowicz spoke on the “Developments on Force-Placed Insurance” panel at the Spring Meeting of the Surplus Lines Law Group on April 4, 2014 in Fort Lauderdale, FL. In this clip, he compares and contrasts New York consent orders on lender-placed insurance (what regulators refer to as “force-placed” insurance) with the proposed and as of yet unadopted New York regulations. He discusses consent orders that were entered into in April and May of 2013 between New York regulators and the four largest lender-placed insurers in New York.