Wells Fargo Auto Insurance

Shapiro Haber & Urmy LLP is investigating a possible class action against Wells Fargo & Company, Wells Fargo Dealer Services and National General Insurance relating to its force placing hundreds of thousands of people who had automobile loans with Wells Fargo, with unneeded car insurance, which caused them millions of dollars in damages.  As detailed in an article published by the New York Times, borrowers with car loans from Wells Fargo were wrongfully charged for auto insurance they did not need, forcing tens of thousands of borrowers’ loans into wrongful delinquency and their cars to be wrongfully repossessed.  Wells Fargo perpetrated this fraudulent scheme through arrangements with National General Insurance where National General force-placed unnecessary auto insurance on borrowers’ cars that already had the insurance that was required by the borrowers’ loans with Wells Fargo.  Wells Fargo and National General often did this without notice.  Furthermore, the force placed auto policies were much more expensive than insurance borrowers had obtained on their own.  Wells Fargo then shared the commissions on these expensive force-placed auto insurance policies with National General.

Please Contact Us

Shapiro Haber & Urmy specializes in financial and consumer class actions. We have extensive experience in bringing class actions against banks and loan servicers for unlawfully force placing insurance.  We believe that the victims of Wells Fargo’s outrageous conduct have strong claims for damages. If you had an automobile loan with Wells Fargo and had insurance on your car placed by Wells Fargo or National General, we would welcome the opportunity to discuss this matter with you. There would be no charge for speaking with us.  Please call Alison Eleey or Tyler Jankauskas at 617-439-3939 or email them at aeleey@shulaw.com or tjankauskas@shulaw.com. Alternatively, you may click here to contact us through our website.