Insight and Intelligence on the London & International Insurance Markets

20 April 2018

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Lender-placed insurers may soon face new rules in US

Ted Bunker 13 April 2018

Carriers in the lender-placed insurance market, a niche segment with more than its share of penalties and scandal, may find themselves facing a new regulation later this year.

The National Association of Insurance Commissioners (NAIC) expects to have a proposed model law ready for high-level review by November, after six years of work on the issue. The market involves coverage that goes by several names, including force-placed and collateral protection insurance.

The way the market works now can present opportunities...

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