Bloomberg News

Assurant Submits Proposed Rate Revision to New York Regulator

July 06, 2012

Assurant Inc. (AIZ:US) said it proposed rate revisions to New York Department of Financial Services Superintendent Benjamin Lawsky after he said insurers may be overcharging mortgage borrowers who lapse on premium payments.

“We continue to cooperate with the department’s review of the industry, as we have from the outset, and we look forward to further productive discussions,” said Robert Byrd, a spokesman for the New York-based company, in a statement today that didn’t specify the new rates.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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Companies Mentioned

  • AIZ
    (Assurant Inc)
    • $65.61 USD
    • -0.22
    • -0.34%
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