Assurant

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Assurant, Inc.

Type	Public (NYSE: AIZ)
Founded	1892 (AMEV Holdings, Inc.)
Headquarters	New York, New York, USA
Key people	Robert B. Pollock (President and CEO) John M. Palms (Chairman)
Industry	Insurance
Revenue	▲ US$ 8.454 billion (2007)[1]
Operating income	▲ US$ 1.212 billion (2007)[1]
Net income	▼ US$ 653.7 million (2007)[1]
Employees	14,000 (2008)[1]
Website	assurant.com

Assurant is a Fortune 500 company and provider of specialized insurance services. It is headquartered at One Chase Manhattan Plaza, New York City, and says it provides health insurance coverage to more than 1 million US policyholders. The firm has been in business since 1892.^[2] In 1977 it incorporated as AMEV Holdings, Inc.^[3]

Assurant operates four key businesses:

Assurant Employee Benefits

Assurant Employee Benefits provides employer-sponsored benefits programs, including long- and short-term disability, dental, term life and accidental death and dismemberment insurance. The company also offers voluntary (employee-paid) dental, disability and term life product solutions.

Assurant Health

Assurant Health writes individual and short-term health insurance and small employer group health insurance to employer groups primarily of two to 40 employees. The company also offers health insurance plans to full-time college students. Assurant Health has been repeatedly found to cancel health policies for some customers that have serious medical conditions, and 12 states have criticized the firm for denying claims, with most of the states levying fines against Assurant.^{[4] [5][6]}

Assurant Solutions

Assurant Solutions businesses develop, underwrite and market specialty insurance, extended service contracts and other risk management solutions in collaborative relationships with leading financial institutions, retailers, automobile dealers, utilities, funeral homes and other entities. Principal lines of business include debt protection administration, credit insurance, preneed life insurance, and warranties and extended service contracts on appliances, consumer electronics, automobiles, recreational vehicles and boats.

Assurant Specialty Property

Assurant Specialty Property businesses are leading providers of creditor-placed homeowners insurance, collateral protection programs, renters insurance 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, manufactured home builders and dealers, auto finance companies, property management companies and managing general agents.

External links

• Company homepage
• Assurant Employee Benefits
• Assurant Health
• Assurant Solutions
• Assurant Specialty Property

References

1. ^ ^{a b c d} "2007 Form 10-K". http://idea.sec.gov/Archives/edgar/data/1267238/000119312508044379/d10k.htm. Retrieved 2009-02-13. 
2. ^ Answersbyassurant.com
3. ^ Company's Milestones
4. ^ http://74.125.113.132/search?q=cache:jRwHVdE_eLMJ:www.ct.gov/oha State of Connecticut Office of the Healthcare Advocate
5. ^ http://www.chicagotribune.com/news/columnists/chi-tue-problem-insurance-0929sep29,0,1926150.column Chicago Tribune, After aneurysm, Assurant Health causes further headaches, 29 Sept 2009
6. ^ http://milwaukee.bizjournals.com/milwaukee/stories/2007/03/05/daily16.html?from_rss=1 Business Jrnl of Milwaukee, Oregon Regulators slap fine on Assurant Health, March 6, 2007