NatGen's Wells Fargo CPI business still under scrutiny
Wells Fargo's $1bn fine over force-placed auto insurance may
end that woeful chapter for the third-largest US bank but National
General, the carrier entangled in the scandal, remains under
scrutiny, The Insurance Insider
understands.
Sources say a probe begun last year by New York state
regulators is still ongoing. The inquiry had to do with how NatGen
worked with the San Francisco-based bank when it came to providing
collateral protection insurance (CPI) on autos purchased with Well
Fargo loans
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