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Old Republic International Corporation Message Board

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  • xds58 xds58 Jul 27, 2012 4:22 PM Flag

    CCI legal claims....

    The defendent is ORINSCO, which is the sub that holds CCI. But ORINSCO doesn't appear to be a contributer to holdco dividends as it has lost money for awhile, so not sure it really matters. It gets back to the issue of whether holdco or other subs can be held accountable for losses at the money losing subs, and I think we've already answered that - no, as far as other insurance subs, maybe at holdco, to the extent holdco has received dividends in recent past from the troubled sub in question - that is not the case here, no dividends to parent I suspect from ORINSCO given losses at CCI, so don't think it's too much of a worry.

    I don't really know what has people so terrified on this name - all things revealed in time I guess...

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