Assurant is likely to join Chubb as an insurance company forced to suspend stock buybacks as a result of Superstorm Sandy losses.
Assurant's losses, though, stem primarily from its involvement in the force-placed or lender-placed niche insurance market. Analysts say the losses could impact state regulator's plans to force Assurant to slash the premiums it charges in this product line.
California took such an action on Oct. 24, ordering Assurant to cut its force-placed premiums by 30.5 percent within 90 days.
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