New York insurance regulators are urging other states to use its settlement agreement with Assurant, Inc. as a template for a national policy on the issue.
Under the March 21 deal with the New York Department of Financial Services, Assurant paid a $14 million fine, and agreed to cut its rates and institute other reforms.
It also agreed to make refunds to eligible homeowners who feel they were "forced in error" to buy force-placed insurance any time after January 1, 2008.
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