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Assurant Inc. Message Board

  • stocklosses stocklosses Oct 22, 2012 9:26 PM Flag

    Assurant Inc. (AIZ), under pressure from California’s insurance regulator

    Assurant Inc. (AIZ), under pressure from California’s insurance regulator, will cut rates 30.5 percent at its American Security unit on home coverage that borrowers must buy when they miss payments on their initial policies.

    The lower rate will save homeowners $42.7 million, with an average annual savings of $577 per policyholder, according to a statement today from state Insurance Commissioner Dave Jones.

    Sentiment: Sell

 
AIZ
73.13+0.04(+0.05%)Sep 3 4:03 PMEDT