Printer Friendly

Assurant Specialty Property to Create 200 New Jobs at Springfield, Ohio Hazard Insurance Service Center.

ATLANTA and SPRINGFIELD, Ohio, Dec. 5 /PRNewswire/ -- Assurant Specialty Property, a leading provider of lender-placed hazard insurance and outsourcing services to the U.S. mortgage industry, today announced plans to create 200 new jobs at its Ohio Service Center in Springfield over the next year.

To accommodate the new employees, the company will invest more than $1 million in furniture and equipment to reconfigure certain workspaces at its 150,000 square-foot, three-building office complex off Leffel Lane and expand a second work shift.

Assurant Specialty Property, part of Assurant , moved the Ohio center to its current location at 1 Assurant Way in 2002. Employment there has grown steadily over the past three years, increasing from about 600 in July 2002 to more than 1,270.

John B. Owen, president and chief executive officer of Assurant Specialty Property, said the additional jobs would enable the center to accommodate the continued growth of existing client business and to take on additional accounts. "In Springfield, we are building on our success. This center is the largest hazard insurance servicing facility of its kind in the nation."

Owen said the City of Springfield, Clark County and the Ohio Department of Development have been very supportive of company's expansion plans. Pending state and local approval, project support includes a package of approximately $1 million in job creation tax credits, training funds, a business development grant and employment incentive grants, he said.

Warren Copeland, mayor of Springfield, said the City of Springfield is excited about the continued growth of Assurant Specialty Property. "The City values the relationship we've been able to build with this company. In a very short time, they have become one of the leading employers of our community and the region."

Tom Franzen, economic development administrator for the City of Springfield, echoed the mayor's comments, saying: "The City aggressively competes for these investments and strives to provide great customer service through the efforts of our economic development staff. We want to ensure that companies receive the support they need to remain viable and grow."

Miachel [sic] Lawson, a vice president of Assurant Specialty Property, has headed the Ohio center since 1995. The company also operates two hazard insurance service centers in Duluth, Ga., and Florence, S.C.

Assurant Specialty Property's Lending Solutions business provides a variety of outsourcing services to the mortgage lenders and servicers, including hazard and flood insurance tracking and escrow account disbursement services. The company uses a cognitive technology application called SmartFlow to process millions of pieces of mail annually for its clients.

For additional information about current job openings at the Springfield center, go to Applicants also can submit applications at the center's human resources office. (Note: Although Assurant Specialty Property has operated as a separate Assurant business since June 2005, it continues to share a Web site with sister business Assurant Solutions.)

About Assurant Specialty Property

Assurant Specialty Property companies are leading providers of lender- placed hazard insurance, collateral protection programs and related outsourcing services. They develop, underwrite, market and administer specialty property and personal lines of insurance through collaborative relationships with leading home mortgage companies, manufactured home builders and dealers, auto finance companies, property management companies and managing general agents. Assurant Specialty Property serves clients and their customers in all 50 states and the District of Columbia.

Assurant Specialty Property is aligned with leaders in every market it serves. It has strong, long-term relationships with six of the nation's ten largest mortgage lenders and servicers (based on servicing volume) and four of the seven largest manufactured housing builders (based on number of homes built).

Assurant Specialty Property is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected other markets. Assurant is traded on the New York Stock Exchange under the symbol AIZ and has over $20 billion in assets and $7 billion in annual revenue.

Media Contact: Jim Sykes, 770.763.1015,

CONTACT: Jim Sykes of Assurant Specialty Property, +1-770-763-1015, or

Web site:
COPYRIGHT 2005 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 5, 2005
Previous Article:World Air Holdings to Restate Second Quarter 2005 Results.
Next Article:More Affordable Health Plan for Small Businesses Announced By State Chamber, Blue Cross and Blue Shield of Oklahoma.

Related Articles
Assurant Group to Move Ohio Service Center to New $20 Million Office Complex.
Assurant Group Celebrates New Springfield Service Center Opening with Visit By Ohio Governor Bob Taft.
Assurant Group Proposes to Build New Hazard Insurance Service Center In Florence, S.C. $14 Million Project Will Create Approximately 560 New Jobs.
Assurant Solutions Acquires Recreational Finance, LLC, Developer of F&I Technology for RV Market.
Assurant to Close Indianapolis Insurance Service Center.
Assurant to Host Specialty Property Workshop.
Assurant Specialty Property to Establish 2nd Service Center in Duluth, Ga., to Support Auto Lenders.
Assurant Specialty Property Announces Plans to Increase Staff at Florence, S.C. Service Center.
Assurant Specialty Property Opens 2nd Service Center in Duluth, Ga.
Assurant Specialty Property to Consolidate Insurance Service Centers.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters