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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 & Poors.

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 & Poors.

American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.

American International Group today sold 14 percent of the stock of its Hong Kong life insurer, AIA Group, Ltd., for approximately $6 billion.

Insurers will be on the hook for hundreds of millions of dollars in insured losses from the past weeks tornado devastation, but knowing the exact figures will take some time according to catastrophe modelers.

Insurers will be on the hook for hundreds of millions of dollars in insured losses from the past weeks tornado devastation, but knowing the exact figures will take some time according to catastrophe modelers.