NU Online News Service, April 13, 9:58 a.m. EDT
Assurant Insurance Company's specialty-property unit defended its forced-place-insurance practices, saying that, among other protections, it seeks to ensure that consumers are "well-informed" about their force-placed coverage.
The comments by Robert Byrd, senior director, communications at Assurant's specialty-property unit, follow an announcement by the federal Consumer Financial Protection Bureau that it is drafting new regulations governing the insurance product.
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