Category Archives: insurance

AIG To Sell Mortgage Insurer

Insuring mortgages. That would not be a business I would want to be in right now with real estate values crashing and mortgage defaults soaring and unemployment rising and GDP falling. AIG has taken tens of billions from the US … Continue reading

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Home Owner Insurance

Robert Irwin writes: If you were recently a tenant, you might have been underinsured and never even known about it. As a tenant living in a rented apartment, many people assume that if the building burns down (or is otherwise … Continue reading

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Why Didn’t These Mortgages Need Insurance?

From DallasNews.com: WASHINGTON — If the problem threatening to take down the economy is bad mortgages, then why isn’t mortgage insurance taking care of it? In the 1980s and 1990s, most homebuyers could not get a mortgage with a down … Continue reading

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Insurance Companies Not Suffering Huge Mortgage Losses

The Travelers Cos., Hartford Financial Services Group Inc. and MetLife Inc. have all reported profit declines and Genworth Financial Inc. posted a quarterly loss driven by credit-related investments. AIG will be under particular scrutiny after the world’s largest insurer lost … Continue reading

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