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By Phil Gusman, PropertyCasualty360.com |
March 5, 2012
The mortgage-insurance sector is expected to continue to report operating losses well into 2013, as losses on legacy books of business will likely outweigh the profitability generated from more recent business written since 2008, according to Standard & Poor’s.
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By Reuters |
October 21, 2011
MGIC Investment Corp , the largest publicly listed U.S. mortgage insurer, says reinsurers are interested in entering the mortgage reinsurance business, attracted by the high returns that could be earned from underwriting new mortgages.
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By Reuters |
October 21, 2011
MGIC Investment Corp posted a wider third-quarter loss, saw more homeowners fall behind on their payments and is perilously close to reaching the maximum risk levels allowed, sending its shares down 15 percent before the bell.
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By Phil Gusman, PropertyCasualty360.com |
August 23, 2011
Rating agencies downgraded PMI Mortgage Insurance Co., part of the PMI Group, after the company announced that the Arizona insurance department placed it under regulatory supervision.
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By Phil Gusman, PropertyCasualty360.com |
August 22, 2011
The Arizona Department of Insurance has placed PMI Mortgage Insurance Co. (MIC) and PMI Insurance Co. (PIC) under supervision and has ordered the companies, both part of the PMI Group, to cease issuing new mortgage insurance commitments.
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By Phil Gusman, PropertyCasualty360.com |
August 5, 2011
Standard & Poor’s has lowered PMI Mortgage Insurance Co.’s financial-strength ratings to CCC-minus from B-minus, saying statutory insolvency and/or regulatory action on the company is possible by the end of the year.
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By Staff Writer |
January 29, 2010
In a new report, Celent Model Insurer 2010: Case Studies of Effective Technology Use in Insurance, Celent recognizes 27 insurance technology initiatives as Model Insurer Components.
