Seterus Force-Placed Insurance Class Action Settlement

Class Eligibility

All borrowers in the United States who, within the Settlement Class Period (August 19, 2010 through November 4, 2016) were charged by Seterus, Inc. under a hazard, flood, or wind LPI Policy issued or procured by QBE Specialty Insurance Company, QBE FIRST Insurance Agency, Inc. n/k/a NGLS Insurance Services, Inc., Praetorian Insurance Company, or QBE Insurance Corporation (collectively, the “QBE Defendants”), for Residential Property, and who, within the Settlement Class Period, either (i) paid to Seterus the Net Premium for that LPI Policy or (ii) did not pay to and still owe Seterus the Net Premium for that LPI Policy. Excluded from the Settlement Class are: (i) individuals who are or were during the Settlement Class Period officers or directors of any of the Defendants or any of their respective Affiliates; (ii) any justice, judge, or magistrate judge of the United States or any State, their spouses, and persons within the third degree of relationship to either of them, or the spouses of such persons; (iii) all borrowers who only had an LPI Policy that was cancelled in its entirety such that any Premiums charged and/or collected were fully refunded to the borrower or the borrower’s escrow account; and, (iv) all borrowers who file a timely and proper request to be excluded from the Settlement Class. Each such qualifying member of the Settlement Class shall be referred to as a “Settlement Class Member.”

Estimated Amount


You will receive 10.5% of the Net Premium if you were charged for an LPI Policy issued by QBE Specialty Insurance Company during the Settlement Class Period.
You will receive 6% of the Net Premium if you were charged for an LPI Policy issued by Praetorian Insurance Company or QBE Insurance Corporation during the Settlement Class Period.

Proof of Purchase


Case Name

Edwards v. Seterus LPI Settlement
Case No. 1:15-cv-23107-DPG
District Court for the Southern District of Florida

Case Summary

This lawsuit involves Lender-Placed Insurance (“LPI”), which is insurance (hazard, flood, or wind) that is placed on a borrower’s property to protect the borrower and mortgage lender when the borrower’s insurance policy lapses, or when the borrower does not maintain a homeowner’s insurance policy that is acceptable to the mortgage lender. When an LPI Policy is placed pursuant to the borrower’s mortgage contract, Seterus pays premiums to the LPI insurer who writes the policy, and then Seterus charges the borrowers for those Premiums.

All Defendants expressly deny Plaintiffs’ allegations and assert their actions were fully authorized under the mortgage instruments and by law. They also expressly deny that the QBE Defendants paid Seterus “kickbacks” or provided any other improper benefits in connection with the issuance of LPI policies and otherwise deny that they did anything wrong. There has been no court decision on the merits of this case and no finding that Defendants committed any wrongdoing.

Settlement Pool





Edwards v. Seterus LPI Settlement

P.O. Box 2995

Portland, OR 97208-2995