Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage, including collision and ...

Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

At least 655,000 vehicles financed through Wells Fargo had collateral protection insurance placed on them by National General Holdings or its subsidiaries, the lawsuit says. August 07, 2024 06:00 AM ...

Aon, the world’s second-biggest insurance broker, is being sued for alleged fraud over its role in marketing a new form of insurance that helped start-ups raise money.

The Vesttoo Creditors Liquidating Trust, an independent fiduciary appointed by the U.S. Bankruptcy Court for the District of ...

The government has sued National General for allegedly forcing customers to get collateral protection insurance. The government said at least 655,000 vehicles were required to get insurance from ...

The U.S. has filed a civil lawsuit against National General Holdings Corp., owned by Allstate (NYSE: ALL), for allegedly falsely placing insurance on at least 655K borrowers' vehicles in a scheme ...

Collateral protection insurance is triggered by a lapse in insurance coverage by the borrower on the collateral, such as a car or single family home, securing a loan by a financial institution.

Walt Cagley Insurance (WCI) has been insuring businesses for over 40 years and collateral recovery specialists for nearly 30 years. The agency currently insures over one thousand collateral ...