Industry News

MGIC expects $1.3 billion Q4 loss

Estimate of 2008 paid losses climbs to $2 billion
Published on Jan 23, 2008

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by CareyBot

Mortgage insurer MGIC Investment Corp. expects fourth-quarter losses to hit $1.3 billion and that the company will stay in the red this year as it pays out up to $2 billion in claims, up from a previous estimate of up ...