Lenders who save borrowers money on force-placed property insurance should be able to boost their long-term profitability by improving customer relations and reducing the likelihood of costly litigation. That’s the concept behind Risk-Based Protection, a new product for lender-placed insurance launched this month by the Balboa Insurance Group. The new product allows for fairer pricing of lender-placed insurance, which can save borrowers money and create the potential for higher revenues for lenders. …