Judge: Filed-Rate Doctrine Bars Homeowner’s Suit Over Force-Placed Insurance

Mealey's (March 24, 2021, 2:11 PM EDT) -- NEW HAVEN, Conn. — A Connecticut federal judge on March 19 determined that a homeowner’s suit alleging that insurers and a mortgage lender profited from captive reinsurance agreements issued to reinsure force-placed insurance (FPI) on borrowers must be dismissed because the filed-rate doctrine bars the homeowner’s claims as the homeowner’s suit would require the court to examine the lender-placed insurance (LPI) premium rates filed and approved by the Connecticut Insurance Department....