Aon, the world’s second-biggest insurance broker, is being sued for alleged fraud over its role in marketing a new form of insurance that helped start-ups raise money.

Creditors to Vesttoo’s bankruptcy trust have filed a lawsuit against Aon and China Construction Bank (CCB) alleging ...

In the latest twist in the long-running Vesttoo saga, where fraudulent collateral was found to be sitting behind reinsurance ...

Aon (AON) has faced legal turmoil, with a lawsuit alleging fraudulent practices linked to its Collateral Protection Insurance product impacting the insurance sector and leading to Vesttoo's bankruptcy ...

National Lenders General Agency has a new chief financial officer, effective immediately. On Wednesday, the provider of ...

The government has sued National General for allegedly forcing customers to get collateral protection insurance. The government said at least 655,000 vehicles were required to get insurance from ...

At least 655,000 vehicles financed through Wells Fargo had collateral protection insurance placed on them by National General Holdings or its subsidiaries, the lawsuit says. August 07, 2024 06:00 AM ...

Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage, including collision and ...

FORT WORTH, Texas-As the unemployment and foreclosure rates continue to climb, so does the number of people who forgo insuring their vehicles, making collateral protection insurance even more critical ...

In total, Wells Fargo said between 2012 and 2017 it placed approximately 570,000 customers into a form of insurance called collateral protection insurance, which duplicated their existing coverage.