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 ...

In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance ...

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 ...

FORT WORTH, Texas-As the unemployment and foreclosure rates continue to climb, so does the number of people who forgo insuring their vehicles, making collateral protection insurance even more critical ...

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 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 ...

By a News Reporter-Staff News Editor at Insurance Weekly News -- CUNA Mutual Group is enhancing its Collateral Protection solutions for credit unions to address emerging risks to their loan ...

DIMONT’s exclusive, data-driven solution utilizes technology to consolidate insurance information on the collateral within the lender portfolio, confirming collateral protection in the event of ...