Insight and Intelligence on the London & International Insurance Markets

19 April 2018

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NatGen’s Karfunkel faces Senate queries on Wells Fargo

Ted Bunker 10 August 2017

National General CEO Barry Karfunkel faces a grilling from a bipartisan group of US senators who want some answers on how the carrier contributed to Wells Fargo's collateral protection insurance scandal in which over half a million borrowers were charged for auto cover they did not need.

Writing to the New York-based carrier's leader yesterday, the senators, led by commerce committee chairman John Thune, a Republican from South Dakota, and Florida's Bill Nelson, the ranking Democrat on the panel, cited...

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