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Violation Tracker Individual Record

Company: Assurant Inc.
Current Parent Company: Assurant
Penalty: $70,000,000
Year: 2015
Date: September 14, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Mega-Scandal: Mortgage Abuses
Violation Description: Ocwen Loan Servicing and Assurant Inc. together agreed to pay $140 million to settle litigation alleging they worked together to force mortgage borrowers to purchase overpriced insurance. Court documents did not specify how much each would pay. Here we assume they each paid half of the total.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Florida
Civil or Criminal Case: civil
Case ID: 0:14cv60649
Case Name: Lee v. Ocwen Loan Servicing LLC et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.