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:Plaintiffs allege that when a borrower was required to have insurance for his or her property pursuant to a Residential mortgage or home equity loan or line of credit serviced by EverBank and evidence of acceptable coverage was not provided, EverBank would place insurance in a manner such that EverBank allegedly received an unauthorized benefit. Plaintiffs allege further that EverBank did so primarily to receive alleged “kickbacks” in the form of commissions, or other alleged income or benefits from the Assurant Defendants. Plaintiffs also allege that the way in which LPI policies were obtained and placed caused the rates and the amount of coverage to be excessive.
Docket Number:1:14-cv-22264-Bloom
Company: EverBank Financial Corp
Filing Deadline: October 10, 2016
Class Period: January 1, 2009 to August 31, 2015
Objection Deadline: December 21, 2015
Exclusion Deadline: December 21, 2015
Final Approval Hearing: January 20, 2016
Proof of Purchase:Claimants must provide documentation supporting their claim including ID, verification of their mortgage, or a completed notary verification.
Eligibility:All borrowers in the United States who, from January 1, 2009 to August 31, 2015, were charged by EverBank under a hazard, flood, flood gap, or wind-only LPI Policy for Residential property, and who either paid to EverBank the Net Premium for that LPI Policy or did not pay to and still owe EverBank the Net Premium for that LPI Policy.
Typical Settlement Amount:12.5% of the Net Premium charged to that class member during the class period or a credit towards future payments.
Total Settlement Amount:
Class Representative Proposed Incentive Fee:$5,000
Law Firms:
Harke Clasby & Bushman
Kozyak Tropin & Throckmorton
Podhurst Orseck
Claim Form: Class Action Claim Form
Case Name: Dwight Wilson, et al. v. EverBank, et al.
Settlement Website: Wilson v. EverBank
Claims Administrator:
Epiq Systems
Wilson v. EverBank
Settlement Administrator
PO Box 3145
Portland, OR 97208-3145
1-877-283-6568
info@WilsonSettlementInfo.com
Tags: Deceptive Insurance Practices, Forced Placed Insurance, Your Home