Mortgage insurer MGIC InvestmentCorp posted its first quarterly profit in three years as fewer people defaulted on their home loans, sending its shares up as much as 16 percent in premarket trading.

Mortgage insurer MGIC InvestmentCorp posted its first quarterly profit in three years as fewer people defaulted on their home loans, sending its shares up as much as 16 percent in premarket trading.

Firefighters on Thursday held back a wildfire in the mountains of Southern California that forced the evacuation of the resort community of Idyllwild after flames engulfed seven homes and numerous other buildings.

Developer Larry Silverstein cannot recover billions of dollars from airlines over the Sept. 11, 2001, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge ruled on Thursday.

Developer Larry Silverstein cannot recover billions of dollars from airlines over the Sept. 11, 2001, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge ruled on Thursday.

Top insurers will soon have to hold more capital to cover risks they pose to the financial system should they go bust, global regulators said.

Top insurers will soon have to hold more capital to cover risks they pose to the financial system should they go bust, global regulators said.

Swinton, one of Britain's biggest high street insurance brokers, has been fined 7.4 million pounds ($11.2 million) for aggressive sales tactics, the Financial Conduct Authority said on Tuesday.