California is continuing its efforts to reduce the cost offorced-place insurance, pressuring QBE Insurance Corporation toreduce its rates by 35 percent effective March 15.

At the same time, California Insurance Commissioner Dave Jonessaid a second insurer, Great American Assurance Company, has alsoreduced its forced-place insurance premiums by 28 percent in itsMortgage Protection Insurance Program.

The QBE rate reduction will result in an estimated $19.4 millionsavings policyholders, with an average savings of $626 perpolicyholder annually, Jones said.

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