Full width - and it worked! thanks :)Insufficient data to see...

Full width - and it worked! thanks :)

Insufficient data to see how big this will be.

Playing with random numbers here: JPMorgan makes $600 million since 2006 (6 years), $100 a year.

That's 75% of the profit, so $130 millions extra profit - if the reduction in price is around 30% as in California, that means the original price will be 100/30 x $130 = $433 millions per state?

Since NY is probably the high end, if I multiply that with 20, the market for this "forced insurance" seems to be around $8 billions a year for Assurant alone.

How big is QBE's share in this market, and how much profit it has to reduce going forward to comply with the settlement demands?

"In the state's announcement of the deal, Mr. Lawsky said he expected other force-placed insurers to "step up to the plate now" and put in place the changes agreed to by Assurant."