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 ...

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 ...

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

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.

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

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

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 ...

National Lenders General Agency has a new chief financial officer, effective immediately. On Wednesday, the provider 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 ...