Press release from Business Wire
Bronstein Gewirtz & Grossman LLC Investigating Possible Securities Law Violations at Assurant, Inc.
Friday, December 10, 2010
Bronstein Gewirtz & Grossman LLC Investigating Possible Securities Law Violations at Assurant, Inc.12:47 EST Friday, December 10, 2010 NEW YORK (Business Wire) -- Bronstein, Gewirtz & Grossman LLC is investigating potential claims on behalf of purchasers of the securities of Assurant, Inc. (“Assurant” or the “Company”) (NYSE:AIZ) concerning possible violations of federal securities laws by certain officers and directors. Assurant is a provider of specialized insurance products and related services in North America and selected international markets. The investigation concerns a report in the American Banker of unethical conduct in the forced placement insurance industry. Investors dropped the stock reflecting concerns that regulators will be investigating the forced placed insurance industry as the Dodd-Frank act gears up. "The real question for investors is whether or not there will be some actions taken by regulators to regulate these insurers more closely," said SunTrust Robinson Humphrey analyst Mark Hughes. "Assurant has a high profit margin, in the low-to-mid 20's per dollar premium. Those profit margins could come under pressure. That business is also two thirds of Assurant's business." In the wake of that report the stock dropped around 9% from $40.14 to 36.51. If you are aware of any facts relating to this investigation, or purchased shares of Assurant, you can assist this investigation by contacting either Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email firstname.lastname@example.org. Those who inquire by e-mail are encouraged to include their mailing address and telephone number. Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration. Bronstein, Gewirtz & Grossman, LLCPeretz BronsteinorEitan Kimelman212email@example.com