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Old Republic International Corporation Message Board

  • penknife12 penknife12 Dec 13, 2012 2:39 AM Flag

    RMIC's Fate? See TGIC.

    ORI may have avoided RMIC being seized, but that won't last for long. What do they think the end result is going to be? They can just avoid paying full claims, and at the end, when there is no money left, they just close the doors?

    No, it doesn't work like that. At some point, their insolvency can no longer be papered over by a phony accounting gimmick like a deferred payment obligation, and RMIC will be seized. Again, see TGIC for a glimpse into RMIC's ultimate fate.

    ORI better have their debt issues worked out before that happens.

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