Insight and Intelligence on the London & International Insurance Markets 22 Aug 2017

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NatGen faces subpoena over Wells Fargo insurance scandal

  • Ted Bunker 3 August 2017
  • National General is facing a subpoena from New York State regulators over its role in the latest scandal to hit Wells Fargo.

    The carrier provided lender-placed insurance policies at the heart of the controversy involving hundreds of thousands of borrowers nationwide who financed vehicles through the big San Francisco-based bank.

    Responding to revelations of the latest Wells Fargo scandal last week, the New York-based insurer has said it complied with all relevant rules and regulations involving the business.

    But the...

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