National Press Release

New Facility Provides Collateral Protection, Vehicle Title Services to Auto Lenders

ATLANTA, April 2 /PRNewswire/ -- Assurant Specialty Property, a leading provider of creditor-placed collateral protection insurance and related services, today announced the opening of a new service center in Duluth, Ga., to support its growing auto collateral protection insurance and vehicle title administration businesses.

While most of the new center's current staff of 175 transferred from two other Atlanta metro sites, the 70,000 square foot facility has been configured to accommodate up to 685 employees. The company has invested approximately $6.5 million in the leased site, which includes parking for approximately 700 vehicles.

Assurant Specialty Property is part of Assurant (NYSE: AIZ). Assurant Specialty Property provides hazard and flood insurance tracking, escrow disbursement, loss draft tracking and other hazard insurance-related customer service to mortgage lenders and their customers, as well as complete collateral coverage and vehicle title tracking services for auto lenders.

"Our company is in the fortunate position of being able to continue to look forward in the current environment," said Gene Mergelmeyer, president, Assurant Specialty Property. "This new center illustrates our commitment to our clients in the auto industry and to being well positioned to support their businesses - and to seek additional clients - when the economy begins to recover."

The new service center at 2975 Breckinridge Blvd. is located approximately one mile from Assurant Specialty Property's other Duluth service center at 2405 Commerce Ave. That facility, which currently has about 1,000 employees, will now focus exclusively on supporting the company's insurance tracking and creditor-placed homeowners insurance business.

James Hankish, who manages the Breckinridge site, said the company has hired 20 new employees to supplement the employees transferred from other sites. "Gwinnett offers a quality labor pool, and that made it an excellent location to expand our business," he said.

Open positions for both Duluth service centers, as well as other Assurant locations, are posted on www.assurant.jobs and in the Careers section of www.assurantspecialtyproperty.com.

Assurant Specialty Property is part of Assurant, a premier provider of specialized insurance products and related services in North America and selected international markets. Assurant, a Fortune 500 company and part of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. www.assurant.com

Media Contact: James A. Sykes, 770.763.1015, james.sykes@assurant.com

SOURCE Assurant Specialty Property