Irvine, Calif.-based Balboa Insurance Group Inc. specializes in lender-placed insurance for financial institutions and mortgage lenders. The company’s products include auto, homeowners, liability, property hazard and life insurance. The company was established 60 years ago and has offices throughout the U.S.
Balboa is a subsidiary of Bank of America Corp. It had been a subsidiary of Countrywide Financial Corp. (now Bank of America Homes Loans) until BofA acquired Countrywide in July of 2008 and subsequently dismantled and renamed it.