Shares
of MGIC Investment Corp. (NYSE: MTG) fell 20 cents to close at $1.70 after the Arizona Department of
Insurance placed rival PMI Group (NYSE: PMI) under regulatory supervision and
ordered the insurer to halt the writing of all new insurance policies. PMI stock dropped 10 cents to close at $0.20.
Regulatory Supervision For PMI
August 22, 2011 at 18:31 PM EDT