Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Market for Coverage of Lapsed Borrowers to Shrink

Don't Miss Out —
Follow us on:

Aug. 9 (Bloomberg) -- The market for insurance that homeowners are required to buy when they lapse on existing policies will contract, said Robert Hartwig, president of the Insurance Information Institute.

“LPI premiums have peaked,” Hartwig said today at a hearing in Atlanta held by the National Association of Insurance Commissioners into so-called lender-placed insurance. “The LPI market will shrink, probably dramatically.”

Assurant Inc. and QBE Insurance Group Ltd. are among companies that provide the coverage.

To contact the reporters on this story: Zachary Tracer in New York at ztracer1@bloomberg.net; David Beasley in Atlanta at dbeasley3@bloomberg.net.

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.