Companies that sell private mortgage insurance in Missouri suffered their largest losses last year in three decades of record-keeping.
The state insurance department says mortgage guaranty insurers had net losses in 2008 of $173 million — an amount equal to 150 percent of the premiums earned for the year. Those were the largest losses in department records dating back 30 years.
Last year also marked the first time since 1983 that overall levels of contingency reserves for the mortgage guaranty industry were drawn down to cover losses.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Carriers Profit Loss Missouri
Was this article valuable?
Here are more articles you may enjoy.
Fla. Supreme Court Reverses Lower Court on Compensability of a Workplace Shooting 
El Niño Likely Strongest in 75 Years, US Forecasters Say 
Ryanair Passenger Partly Sucked From Jet After Window Breaks 
Remember the Fall of Patriot National? Trial in Suit vs. Mariano’s Lawyers to Begin 
