Wells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies.

The proposed pact, filed Monday with the U.S. District Court in Miami, would resolve a lawsuit filed in April 2011 that contends the companies overcharged roughly 24,400 borrowers whose policies had lapsed on premiums for backup policies.

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