Force placed insurance sales information released by Assurant following inquiry

Forced Placed Insurance

The Securities and Exchange Commission has put the pressure on the company to release these details. Assurant Inc. is currently under review regarding whether or not it has been overcharging for force placed insurance purchased on behalf of some homeowners, and has broadened its disclosure regarding the profits this activity has generated, following an inquiry by the Securities and Exchange Commission (SEC). According to the insurer’s data, this coverage represented 89 percent of the specialty property profits in Q1 and Q2. Throughout the first half of the year, the company…

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