EverBank 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:

This settlement resolves a class action alleging that when EverBank force-placed homeowner’s insurance, it did it in such a manner as to receive a kickback, and also in a way that resulted in excessive rates and coverage amounts. 

Docket Number:

1:14-cv-22264-Bloom

Company: EverBank Financial Corp

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:

Proof of identity for those who are eligible for a cash payment; claims will be checked against EverBank’s records.

Eligibility:

You may be eligible if you were charged by EverBank or Everhome Mortgage, between January 1, 2009 and August 31, 2015, as an insured or additional insured, for a residential hazard, flood, flood-gap, or wind-only lender-placed insurance policy for your home, issued by American Security Insurance Company, Voyager Indemnity Insurance Company, Standard Guaranty Insurance Company, or another insurance company. 

Typical Settlement Amount:

Varies. A payment (for those who paid the premiums) or escrow account credit (for those who still owe for premiums) in the amount of 12.5% of the net premium for the policy in question.

Total Settlement Amount: NA

Class Representative Proposed Incentive Fee:

$5,000

Law Firm:
Kozyak Tropin & Throckmorton

Claim Form: Wilson Settlement Claim Form

Case Name: Wilson v. Everbank

Settlement Website: Wilson Settlement Website

Claims Administrator:
Epiq Systems, Inc.

Claims Administrator Contact Information:

Wilson v. EverBank
Settlement Administrator

PO Box 3145

Portland, OR 97208-3145

877-283-6568

info@WilsonSettlementInfo.com

Tags: Deceptive Insurance Practices, Forced Placed Insurance, Homeowners Insurance, Your Bank, Your Home