What lenders, borrowers should know about force-placed insurance

The devastating wildfires in Southern California have drawn significant attention to the insurance sector, where rates have been rising for years. Many insurers have refused to renew homeowner’s insurance policies for homeowners in areas at high risk for natural disasters. Gretchan Francis, managing director at InsureMAC, spoke with Dodd Frank Update about the impact of rising rates on borrowers, and what happens when borrowers lose their homeowner’s insurance.