Assurant 2012 Annual Report Download - page 34

Download and view the complete annual report

Please find page 34 of the 2012 Assurant annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 144

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144

ASSURANT, INC.2012 Form10-K26
PARTI
ITEM 1B Unresolved Staff Comments
We may also, under some circumstances involving a change of control,
be obligated to repay our outstanding indebtedness under our revolving
credit facility and other agreements. We or any possible acquirer may not
have available  nancial resources necessary to repay such indebtedness in
those circumstances, which may constitute an event of default resulting
in acceleration of indebtedness and potential cross-default under other
agreements.  e threat of this could have the e ect of delaying or preventing
transactions involving a change of control, including transactions in which
our stockholders would receive a substantial premium for their shares over
then-current market prices, or which they otherwise may deem to be in
their best interests.
ITEM 1B Unresolved Staff Comments
None.
ITEM 2 Properties
We own eight properties, including  ve buildings whose locations
serve as headquarters for our operating segments, two buildings that
serve as operation centers for Assurant Specialty Property and one
building that serves as a claims training center for Assurant Specialty
Property. Assurant Solutions and Assurant Specialty Property share
headquarters buildings located in Miami, Florida and Atlanta, Georgia.
Assurant Specialty Property has operations centers located in Florence,
South Carolina and Spring eld, Ohio. Assurant Solutions’ preneed
business also has a headquarters building in Rapid City, South Dakota.
Assurant Employee Bene ts has a headquarters building in Kansas City,
Missouri. Assurant Health has a headquarters building in Milwaukee,
Wisconsin. We lease o ce space for various o ces and service centers
located throughout the U.S. and internationally, including our New
York, New York corporate o ce and our data center in Woodbury,
Minnesota. Our leases have terms ranging from month-to-month to
twenty- ve years. We believe that our owned and leased properties are
adequate for our current business operations.
ITEM 3 Legal Proceedings
e Company is involved in litigation in the ordinary course of
business, both as a defendant and as a plainti and may from time to
time be subject to a variety of legal and regulatory actions relating to
our current and past business operations. See Note24 to the Notes to
Consolidated Financial Statements for a description of certain matters,
which description is incorporated herein by reference. Although the
Company cannot predict the outcome of any pending or future
litigation, examination or investigation, it is possible that the outcome
of such matters could have a material adverse e ect on the Company’s
consolidated results of operations or cash  ows for an individual
reporting period. However, based on currently available information,
management does not believe that any pending matter is likely to
have a material adverse e ect, individually or in the aggregate, on the
Company’s  nancial condition.
ITEM 4 Mine Safety Disclosures
Not applicable.