Force-Placed Insurance: Another Multi-Billion Dollar Industry Caught in the Regulatory Cross Hairs (PDF)
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This commentary reviews the history of force-placed insurance (FPI), discusses the economic factors and consumer issues that have brought FPI into the forefront, analyzes recent regulatory enactments relating to FPI, identifies recent class action court filings, and outlines the various developments on the horizon that will continue to present unique compliance challenges for insurers, lenders, and other participants in the FPI market.
Karen C. Yotis has been an Illinois attorney for 24 years and specializes in the areas of social media and insurance regulatory compliance. She is a recognized industry expert on the intersection of insurance and social media, conducts social media training seminars for corporate executives and insurance professionals and speaks at trade shows and industry events on social media and insurance topics. Ms. Yotis is National Co-Chair of the Communications/Social Media Committee for the Association of Insurance Compliance Professionals, Vice President of the AICP's Great Lakes Chapter, and past Chair of the AICP's Publications Committee, which is responsible for that organization's quarterly Journal publication. She is also a regular contributor to the national edition of the LexisNexis Workers' Compensation e-Newsletter and her commentary has appeared on lexis.com, in Viewpoint, and in other insurance industry publications. She was also Managing Editor of the Mealey's Insurance Regulatory Compliance Report. Ms. Yotis is also a member of the Hosting Services/Digital Presence Team for TEKSystems/State Farm Insurance Company, where she leads initiatives on content management/strategy and community building. She also served as a Community Manager for the LexisNexis Communities, including the LexisNexis Insurance Law, the Environmental Law/Climate Change, Toxic Torts/Personal Injury, and Workers' Compensation Law Centers. Ms. Yotis participated in the development and enhancement of LexisNexis Insurance Compliance and participated as a member of the LexisNexis Insurance Advisory Board and the LexisNexis Workers' Compensation Advisory Board. Ms. Yotis is a graduate of the Northwestern University School of Law and received her undergraduate degree from the University of Illinois. Ms. Yotis can be contacted at email@example.com.
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