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By Arthur D. Postal |
March 9, 2012
The Consumer Financial Protection Bureau will propose regulations this year imposing strict limits on force-placed insurance for homeowners, bringing it to a level that an industry expert says it should not be.
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By Terry Baynes, Reuters |
December 7, 2011
A federal judge on Tuesday rejected Bank of America Corp's request to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank over an alleged conflict of interest by one of the firm's partners.
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By Fred E. Karlinsky, Esq., Katherine Scott Webb, Richard J. Fidei, Esq. |
November 28, 2011
Given the 2011 residential property reforms, expect Florida’s 2012 session to be much quieter in that area. The exceptions could be legislation on Citizens and the Cat Fund.
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By Phil Gusman, PropertyCasualty360.com |
November 17, 2011
Moody's Investors Service has downgraded Republic Mortgage Insurance company’s (RMIC) insurance financial strength rating to Caa2 from B1, citing continued deterioration at the troubled company.
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By Staff Writer |
November 2, 2011
Moody's Investors Service has downgraded the insurance financial strength rating of Mortgage Guaranty Insurance Corporation (MGIC), citing “material deterioration in the insurer's regulatory capital position, large current and projected claims payments, and modest new business production.”
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By Jonathan Stempel (Reuters) |
October 18, 2011
Bank of America Corp urged a judge to disqualify the law firm representing insurer American International Group Inc in its $10 billion mortgage fraud lawsuit against the bank, alleging a conflict of interest by one of the firm's partners.
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By Phil Gusman, PropertyCasualty360.com |
August 25, 2011
Fitch Ratings affirmed the ‘A’ insurer financial strength ratings of Old Republic International Corp.’s insurance subsidiaries and removed the company from Rating Watch Negative, as the rating agency says it does not anticipate that the runoff of ORI’s mortgage insurance subsidiary will have a significant adverse impact on capital and...
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By Phil Gusman, PropertyCasualty360.com |
August 9, 2011
Troubles experienced by some mortgage insurers could present opportunities for better-capitalized competitors, but those companies will have to demonstrate the ability to maintain regulatory compliance, Moody’s says.
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By Bill Kaczor, Associated Press |
July 28, 2011
Florida's largest property insurance company on Wednesday proposed an average increase of nearly 430 percent for optional sinkhole coverage in response to soaring claims and 8.8 percent for all other perils, including hurricanes, fire, and theft, all effective in 2012.
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By Chad Hemenway, PropertyCasualty360.com |
April 14, 2011
A former lead advisor to the Federal Reserve bank of New York and the U.S. Department of the Treasury on issues related to American Insurance Group Inc. has been tapped as the New York-based insurer’s new head of strategic planning.
