Lender-placed insurers may soon face new rules in US

Carriers in the lender-placed insurance market, a niche segment
with more than its share of penalties and scandal, may find
themselves facing a new regulation later this year.
The National Association of Insurance Commissioners (NAIC)
expects to have a proposed model law ready for high-level review by
November, after six years of work on the issue. The market involves
coverage that goes by several names, including force-placed and
collateral protection insurance.
The way the market works now can