Thomson Reuters Key Author Dennis Wall reads excerpt from his book, "Litigation and Prevention of Insurer Bad Faith," illuminating Lender Force-Placed Insurance Practices.
Director of Insurance
Consumer Federation of America
(Former Texas Insurance Commissioner and Federal Insurance Administrator) contacted the American Bar Association to say this about "Lender Force-Placed Insurance Practices":
Dennis Wall's fine book, "Lender Force-Placed Insurance Practices," is an excellent and deep study of one of the great consumer rip-offs of the last few decades. Mr. Wall has done a great service for attorneys and advocates who need to understand this issue in order to take action to move the nation toward ending the abusive kickbacks that unfairly double or triple the cost of insurance for Americans already struggling to keep their homes.
Examines potential defenses in LFPI cases. The "utilities filed rate doctrine" is closely analyzed for "fit" in insurance cases and the conclusion is clear: There is no fit for the filed rate doctrine in insurance cases.
Addresses the case law surrounding the Restatement of the Law of Liability Insurance and Insurance Carriers' Good Faith Duties in Settlement. Reprinted here with the express permission of Thomson Reuters West and Insurance Litigation Reporter. Any further publication without the express consent of Thomson Reuters is prohibited.