Chase Settles Suit Alleging Kickbacks in Force-Placed Insurance
Under the deal, Chase agreed not to take commissions or engage in certain reinsurance arrangements with Assurant for six years.
INN Breaking News, September 9, 2013
JPMorgan Chase (JPM) has agreed to stop accepting commissions from the nation's top provider of force-placed insurance in an agreement that could loom large for other big banks alleged to have overbilled homeowners on insurance premiums.
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