Specialty property insurer Assurant Inc. brought in $545 million in third quarter revenues from its force-placed insurance division. But the efforts of the company and its mortgage servicer clients' to adapt to growing regulatory pressures trumped the dollars and cents during a Thursday analyst call.

Assurant is attempting to create more "flexible" policies that address the concerns of banker clients and regulators about costs and services provided. Meanwhile, some banks are doing away with previous practice and are abandoning demands that they receive commissions or lucrative reinsurance contracts in exchange for buying forced-placed policies from insurers.

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