When life gets rocky, Balboa is there to insure you. Balboa Insurance Group provides commercial and personal life, liability, and property insurance through subsidiaries including Balboa Insurance Company, Meritplan Insurance Company, Newport E&S Insurance Company, Newport Insurance Company, Balboa Life Insurance Company, and Balboa Life Insurance Company of New York. The company specializes in insurance programs for such customers as financial institutions and mortgage lenders. Products include credit life, homeowners insurance, lender-placed property hazard insurance, and home warranties. Bank of America sold Balboa to Australia's QBE Insurance for $700 million in 2011.