United States Sues National General Holdings Corp. and Subsidiaries for Falsely Placing Insurance on Hundreds of Thousands of Borrowers’ Vehicles

Jul 25, 2024

The United States has filed a civil complaint under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) against National General Holdings Corp. and its subsidiaries, National General Insurance Company, National General Lender Services Inc. and Newport Management Corporation (National General), alleging that, for over a decade, National General erroneously force-placed its Collateral Protection Insurance (CPI) product on vehicles financed through Wells Fargo, despite borrowers already having insurance through other carriers.

From the U.S. Department of Justice: Read More