U.S. Government Sues National General Holdings Corp. and Affiliates for Alleged Insurance Fraud
The U.S. Department of Justice has filed a civil lawsuit against National General Holdings Corp. and its subsidiaries—National General Insurance Company, National General Lender Services Inc., and Newport Management Corporation. The lawsuit, brought under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), accuses the companies of wrongfully imposing Collateral Protection Insurance (CPI) on vehicles…