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Balboa Insurance Group, Inc., a subsidiary of Countrywide, is comprised of Balboa Life & Casualty, Balboa Reinsurance, DirectNet Insurance Agency, Inc. and Countrywide Insurance Services, Inc.
The insurance entities that make up Balboa Life & Casualty underwrite homeowners, credit, life, disability and involuntary unemployment insurance. Established in 1948, Balboa was acquired by Countrywide in 1999 and encompasses several Balboa business units. Balboa Life & Casualty offers a wide variety of insurance programs designed primarily for financial institutions and their customers including life, disability, homeowners, mortgage catastrophe, home warranty and GAP auto insurance. The company also underwrites lender-placed homeowners and auto insurance. For more information, visit
www.balboainsurance.com.
Balboa Reinsurance Company provides a mezzanine layer of reinsurance on primary mortgage insurance (PMI). The company earns a portion of the primary mortgage insurance premiums associated with loans in the Countrywide servicing portfolio by providing a layer of reinsurance coverage to the primary mortgage insurance companies providing the related primary mortgage insurance.
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Countrywide Insurance Services, Inc. is a leading nationwide full service insurance agency offering consumers a wide variety of products. Founded in 1969, Countrywide Insurance Services has been helping individuals and families prepare for the future with insurance products and services that help them protect their lifestyles and preserve their hard-earned assets. For more information, visit
insurance.countrywide.com.
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