Regulators take aim at force-placed insurance

  • Article by: Jennifer Bjorhus , Star Tribune
  • Updated: March 26, 2013 - 8:37 PM

Government regulators are seeking to limit fees and commissions associated with the practice, which critics say is often abused.

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mkuldaMar. 27, 13 5:13 PM

Remember that these are policies that are sold when the homeowner is given every opportunity to buy the coverage on their own and they choose not do even though they are required to. It's hard to say that consumers feel sorry for people who forego their obligation. They can freely buy non-forced coverage at any time and save money, but they don't, so in effect they are choosing to take the forced placed coverage.

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