What's changed at QBE
Every update we've tracked for QBE, newest first. Each one links to the full note.
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Allstate wraps up its deal to buy National General
Allstate closed its deal to buy National General Holdings Corp. That firm bought QBE's former lender placed business. Allstate's release lists lender placed insurance as one of National General's lines.
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QBE agrees to sell its lender placed business
QBE North America agreed to sell its US lender placed insurance business. The buyer was National General Holdings Corp. The price was about $90 million. Mortgage servicers buy this cover when a borrower's policy lapses.
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Florida takes a look at Praetorian's lender placed rates
In August 2012, Florida's OIR held a public rate hearing on Praetorian's lender placed home rates. It said the company's proposed rate cut did not go far enough.