New York officials announced this morning that a New York State Department of Financial Services (DFS) investigation produced an additional settlement with a major “force-placed” or “lender-placed” insurer, QBE. The settlement with QBE, the nation’s second-largest force-placed insurer, follows an …
A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of California-based Balboa Insurance Company and its wholly owned subsidiaries, Meritplan Insurance Company and Phoenix-based Newport Insurance Company, which operate under …
A forced placement mortgage property insurer providing coverage in Florida has offered to lower its rates by an average of 18.8 percent, despite the fact that state regulators said the rate decrease should be double that amount. Praetorian Insurance Co. …
