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Rating agency Moodys says second-quarter earnings among P&C carriers are likely to be pressured by losses paid on the May 20 tornado in Moore. Okla.

Rating agency Moodys says second-quarter earnings among P&C carriers are likely to be pressured by losses paid on the May 20 tornado in Moore. Okla.

Arch Capital Group last Friday acquired CMG Mortgage Insurance Co. from PMI Mortgage Insurance Co., a move that Moodys Investors Service sees as positive for Arch but credit-negative for existing players in the mortgage-insurance market that may have to contend with well-capitalized new entrants going forward.

A court decision last week ordering Flagstar Bank to pay $90.1 million to bond insurer Assured Guaranty as compensation for losses incurred on insured mortgage-backed securities should benefit other financial guarantors by giving them leverage in their own lawsuits against banks for losses sustained during the financial crisis, according to...

While a continuing weak recovery is expected for G-20 economies, property and casualty insurers are expected to withstand the challenging environment well since their product offerings, particularly in personal lines, are mandatory for buyers, says Moodys Investors Service.

Moody's downgraded Assured Guarantys insurance financial strength ratings due to continued struggles in the market in which the company operates. Assured says the ratings agency used subjective, contradictory criteria to reach a predetermined conclusion.

Liam E. McGee, the chief executive of The Hartford says surgery to remove a tumor on his brain was successful and he is returning to work today.

Bond insurer MBIA appears to be in a fight for its life after Moodys downgraded the companys credit rating to speculative status.