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With Assurant, Invitation Homes residents can obtain the insurance they need at competitive rates both the required liability coverage under their lease, and personal-property coverage to protect their belongings.
Assurant said it intends to finance the cash consideration and repayment of approximately USD 591m of The warranty Group's existing debt through new debt, and preferred securities expected to be issued after closing.
Sun Life executives welcomed the addition of the Assurant Employee Benefits life and disability operations today during a conference call with securities analysts, but what they talked about most often was Assurant's group dental business.
The company's exit will be substantially complete in 2016," Assurant said.
Gene Mergelmeyer, president and chief executive officer of Assurant Specialty Property, said, "This acquisition leverages Assurant's resources and relationships with lending institutions, and builds on Field Asset Services' strong operating platform and vendor network.
However, Nadel says if New York is successful in pushing other states for premium reductions similar to those mandated for Assurant by New York, "it would be extremely significant," and his concerns about major declines in profits and revenues from force-placed insurance to return.
In October 2011, DFS launched an investigation into the force-placed insurance industry, including Assurant and its subsidiaries.
The Assurant Board also named Montupet to its nominating and corporate governance committee.
David Schroeder, vice president of operations and industry relations at Assurant Inc, said, 'Energy experts predict strong growth in medium-size solar projects in markets with high electricity prices and strong renewable energy mandates, though significant operational and financial risks often pose challenges during their development, installation and operational phases.
Assurant chose to add the jobs at the Albany site for several reasons, including the region's high-quality workforce and the size of the service center - 41,000 square feet - which can accommodate a larger staff, according to Joe Erdeman, president of Assurant's extended protection business.
Since 1947, the Assurant Specialty Property companies have been a premier provider of insurance programs.