Carrington Mortgage Services Force-Placed Insurance Settlement

Settlement Structure: Claims Made

Active: Closed

Closed Settlement Statement:

According to court documents, the claim submission deadline has passed. Please contact the claims administrator if you have any questions.

Case Summary:

Carrington Mortgage Services has agreed to settle a class action alleging that whenever the company required a borrower to have LPI (lender-placed insurance, also known as force-placed insurance) it received kickbacks or unauthorized benefits that raised the cost of the insurance.  The case concerns LPI issued by American Modern Insurance Group, Inc., American Modern Home Insurance Company, The Atlas Insurance Agency, Inc., Midwest Enterprises, Inc., American Family Home Insurance Company, American Modern Surplus Lines Insurance Company, American Western Home Insurance Company, American Southern Home Insurance Company, American Modern Insurance Company of Florida, Inc., American Modern Select Insurance Company, or American Modern Lloyds Insurance Company, or Southwest Business Corporation.

Docket Number:

1:16-cv-25237-JG

Filing Deadline: March 28, 2018

Class Period: December 1, 2012 to August 9, 2017

Objection Deadline: December 13, 2017

Exclusion Deadline: December 13, 2017

Final Approval Hearing: January 22, 2017

Proof of Purchase:

No, but you must provide information that will be checked against the company’s records.

Eligibility:

You may be eligible if you were charged by Carrington for a hazard, flood, flood-gap, or wind-only LPI policy for a residential property from the listed companies, between December 1, 2012 and August 9, 2017, and who either (a) paid Carrington all or part of the net premium for the policy or (b)were charged but did not pay and still owe Carrington the net premium for the policy. You are not eligible if your LPI policy was cancelled in its entirety and fully refunded to your account.

Typical Settlement Amount:

Cash award of 10.5% of the net premium charged. The net premium is the premium charged minus and refunds already provided to the borrower.

Total Settlement Amount: Unknown

Class Representative Proposed Incentive Fee:

$5,000

Law Firms:
Harke Clasby & Bushman
Kozyak Tropin & Throckmorton
Podhurst Orseck

Claim Form: Strickland LPI Settlement Claim Form

Case Name: Strickland, et al., v. Carrington Mortgage Services, LLC, et al.

Settlement Website: Strickland LPI Settlement Website

Claims Administrator:
JND

Claims Administrator Contact Information:

Strickland LPI Settlement
c/o JND
P.O. Box 6878
Broomfield, CO 80021
1-844-632-0308

Tags: Deceptive Insurance Practices, Forced Placed Insurance