Commissioner Jones Orders Investigation of Allegations Wells Fargo and National General Insurance Unlawfully Signed Up Consumers for Auto Insurance
Commissioner
In a
"These most recent revelations by Wells Fargo are particularly troubling," said Commissioner Jones. "The department will investigate fully to determine the extent to which
Force-placed or lender-placed insurance refers to insurance a lender requires a borrower to purchase by signing up the borrower for the insurance to cover the vehicle in case the borrower fails to get their own insurance or allows their auto insurance to lapse.
Pursuant to an earlier order from Commissioner Jones, the
Commissioner Jones also directed the department to work with other state insurance regulators who might be opening investigations of
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