CUOMO ADMINISTRATION SETTLES WITH COUNTRY’S SECOND LARGEST ‘FORCE-PLACED’ INSURER, LEADING NATIONWIDE REFORM EFFORT AND SAVING MILLIONS FOR HOMEOWNERS AND INVESTORS

New York, NY – April 18, 2013 – (RealEstateRama) — Governor Andrew M. Cuomo today announced that a New York State Department of Financial Services (DFS) investigation has produced an additional settlement with a major force-placed insurer, QBE, which requires the company to implement New York’s nation-leading reforms to help better protect homeowners from abuse in this industry.