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The Oldwick, N.J.-based firm said the "tremendous" negative impact of those events resulted in a 2007 industrywide combined ratio of 141.3, as compared with the five-year average of 87.7 and the ten-y

The counterparty credit ratings for Old Republic International Corp. (ORI), PMI Group and Radian Group Inc. were lowered respectively to "A-minus" from "A"; to "triple-B-minus" from "triple-B-plus"; a

Fitch Ratings, in an update to its June 2007 finding "Across the Board Delinquencies Are Up," said the mortgage insurance industry, despite steps to improve business prospects, is not over its trouble

Moody's yesterday downgraded two mortgage insurers, American International Group's United Guaranty Mortgage Indemnity and The PMI Group's mortgage insurers, over worries about losses and their financi

MGIC was dropped from "double-A-minus" to "A." In addition, Old Republic International Corp. was lowered from "double-A" to "double-A-minus; PMI Group Inc. was cut from "double-A" to "A-minus"; and Ra

Fitch Ratings has placed the insurer financial strength ratings of three mortgage insurers on Rating Watch Negative, citing concerns regarding deterioration in several mortgage asset classes beyond th

The rating firm said its mortgage insurance model updates correspond to recent revisions that were made by Fitch's U.S. Residential Mortgage-Backed Securities (RMBS) group in its mortgage default and

The rating firm said it expects that the overall level of loss reserves will continue to escalate over the next few years as the weaker vintages of 2005 and 2006 mortgages begin to reach their peak de