Forced placed auto insurance (CPI) has come under the scrutiny of various regulators as it relates to auto lending. The situation with Wells Fargo is a great example of recent regulatory issues with CPI Programs. Due to these recent changes, many Lenders are considering a...
Vendors Single Interest or VSI Lenders Single Interest or LSI Blanket Lenders Single Interest or BLSI These are all names for the same simple insurance, that protects an auto lending institution against Uninsured Damage or Theft to the vehicle collateral. Plus protection against Skip by the borrower. We...
Risk Management services hotline now available for Lee & Mason insurance agent/broker professional liability insureds Hotline can help resolve issues before they become claims NEW YORK – In this volatile litigation environment, it seems that any type of error or omission by an insurance agent or broker...
Mortgage Impairment Protection/Errors and Omissions NEW YORK--(BUSINESS WIRE)--Lee & Mason Financial Services, Inc., provider of one of the most comprehensive programs for Insurance Agents Errors and Omissions in the marketplace, recently increased their E & O limits from $5 million to $10 million. “The additional limits demonstrate...
Lender-placed Market We want to alert you to the announcement on Monday the 22nd from American Modern Home. The full press release can be found here but in short they have elected to exit the lender-placed market over the next 15 to 24 months. While Lee...