Assurant Specialty Property to Consolidate Insurance Service Centers
July 29 2009 - 6:38PM
PR Newswire (US)
ATLANTA, July 29 /PRNewswire-FirstCall/ -- Assurant Specialty
Property today announced plans to relocate certain hazard insurance
servicing operations now performed at two California sites to its
other service centers in Georgia, Ohio and South Carolina. The
company said the consolidation would accommodate changes in the
composition and location of its client base and better leverage its
servicing assets. Assurant Specialty Property, a leading provider
of creditor-placed homeowners insurance and related services, will
continue to maintain a strong presence in Southern California with
about 200 positions. However, the company's hazard insurance
service centers in Santa Ana and Tustin, Calif., will be closed
early next year, affecting 325 positions. John Frobose, president
of Assurant Specialty Property's Lending Solutions business, said
that the company's client base has shifted considerably in the
three years since the centers were acquired from Safeco, Inc. "As
our clients adapt to changes in the mortgage industry, it's
important that we in turn adapt to our clients' needs. Our large,
state-of-the-art centers in Georgia, Ohio and South Carolina are
centrally located with the size, scale and technology necessary to
grow with our clients and serve their customers efficiently." The
consolidation should be seamless to both clients and their
customers, the company said. California employees affected by the
consolidation will have the opportunity to be considered for
relocation. The company's two service centers in Duluth, Ga., will
add about 150 new positions over the next five months to
accommodate the work being moved to those sites. An additional 100
jobs will be divided between the Springfield, Ohio, and Florence,
S.C., centers to service the accounts for which those centers will
now have responsibility. Assurant Specialty Property is part of
Assurant (NYSE:AIZ), a premier provider of specialized insurance
products and related services in North America and selected
international markets. Its Lending Solutions business provides
hazard insurance tracking and related outsourcing services for
about two thirds of the trackable mortgage loans in the United
States. About Assurant Specialty Property Assurant Specialty
Property businesses are leading providers of creditor-placed
homeowners insurance, direct-marketed products, collateral
protection programs and related outsourcing services. They develop,
underwrite, market and administer specialty property and personal
lines of insurance through collaborative relationships with leading
home mortgage companies, financial institutions, manufactured home
builders and dealers, auto finance companies, property management
companies and managing general agents. Assurant Specialty Property
serves clients and their customers in all 50 states and the
District of Columbia. http://www.assurantspecialtyproperty.com/
Assurant Specialty Property is part of Assurant, a premier provider
of specialized insurance products and related services in North
America and selected international markets. Assurant, a Fortune 500
company and part of the S&P 500, is traded on the New York
Stock Exchange under the symbol AIZ. Assurant has over $23 billion
in assets and $8 billion in annual revenue.
http://www.assurant.com/ Media Contact: James A. Sykes,
770.763.1015, DATASOURCE: Assurant Specialty Property CONTACT:
James A. Sykes, +1-770-763-1015, Web Site:
http://www.assurantspecialtyproperty.com/
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