Company: AIZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001267238-25-000008
Chunk: 87

Company: ASSURANT, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 87
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 to pay the expenses of the regulator as well as our own expenses, and which may result in fines, penalties, and other adverse consequences; 

•disputes regarding our lender-placed insurance products, including those relating to rates, agent compensation, consumer disclosure, continuous coverage requirements, loan tracking services and other services that we provide to mortgage servicers; 

•disputes over coverage or claims adjudication, including in our sharing economy business; 

•disputes over our treatment of claims, in which states or insureds may allege that we failed to make required payments or meet prescribed deadlines for adjudicating claims; 

•disputes regarding regulatory compliance, sales practices, disclosures, premium refunds, licensing, underwriting and compensation arrangements, including if our climate change mitigation plans and targets are not met; 

•disputes over liability claims under comprehensive general liability policies involving property damage or personal injury at insured properties or relating to insured vehicles; 

•disputes alleging bundling of credit insurance and extended service contracts and related products with other products provided by financial institutions; 

•disputes with tax and insurance authorities regarding our tax liabilities;

•investigations alleging violations of fraud, sanctions, money laundering and/or export control laws; 

•disputes relating to customers’ claims that they were not aware of the full cost or existence of the insurance or limitations on insurance coverage; 

•disputes relating to protecting our intellectual property portfolio and by third parties alleging intellectual property infringement; and 

•employment litigation claims brought by current or former employees. 

37

Further, actions by certain regulators may cause additional changes to the structure of the lender-placed insurance industry, including the arrangements under which we track coverage on mortgaged properties. These changes could materially adversely affect the results of operations of Global Housing and the results of operations and financial condition of the Company. For additional information, see “Item 1 – Business – Regulation” in this Report.

We are involved in a variety of litigation and legal and regulatory proceedings relating to our current and past business operations and may, from time to time, become involved in other such actions. We continue to defend ourselves vigorously in these proceedings. 

We participate in settlements on terms that we consider reasonable; however, the results of any pending or future litigation and regulatory proceedings are inherently unpredictable and involve significant uncertainty. Unfavorable outcomes in litigation or regulatory proceedings or significant problems in our relationships with regulators could materially adversely affect our results of operations, financial condition, reputation, ratings and ability to continue