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Lines of Insurance: Auto, Homeowners States licensed to sell insurance in: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY Type of Insurance Company: Stock (parent) Name of Parent Company: Countrywide Financial Corp. Insurance subsidiaries: Meritplan Insurance Co. Newport E&S Insurance Co. Newport Insurance Co. Balboa Life Insurance Co. Balboa Life Insurance Co. of NY
Company Overview:
Company History:
Principal Methods: Financial institutions, general agents, independent producers, and direct to customer (via website)
Life Annuity Business: Balboa Insurance Group sells Platform Term Life, Mortgage Secure and AD&D insurance through financial institutions and independent agents.
Homeowners Business: Balboa Insurance Group sells Homeowner, Dwelling Fire, Condo, Mortgage Rescue and Renter, lender-placed Fire and Flood insurance through financial institutions and independent agents, plus direct-to-consumer Renter policies via Internet.
Special Business: Balboa Insurance Group sells Renter insurance directly via its website. Company Rating: Best Insurance Reports: A Url of page rating was collected: http://www.ambest.com/ratings/ Best Rating: A.M. Best ratings: Property & Casualty
rated A (excellent). Life rated A- (excellent) Company Financial Status: Ticker Symbol: CFC (NYSE) Assets & Premiums: 2006 Assets (parent): $200 billion |