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Sam Caligiuri Quoted by Law360 on Potential Force-Placed Insurance Commission Ban

Publisher: Law360
March 26, 2013

Corporate and Business Law partner Sam Caligiuri was quoted in a March 26 article, "Bans On Force-Placed Perks May Be Wake-Up Call For States," on Law360. Following penalties assessed against Assurant Inc. by New York State regulators for their commission practices, the Federal Housing Finance Agency recently recommended a ban on bank commissions from force-placed insurance policies. Referring to the possibility that the steps taken in New York will spread elsewhere, Sam said, "It's not like they were asleep at the switch and it was only New York that figured it out." He added, "This is exactly the kind of consumer protection-oriented issue that I think will get a lot of departments doing something similar to what New York is doing."

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