Old Republic takes $130mn recession-era legacy hit

Old Republic has warned that its third-quarter results will
include a $130mn charge to settle claims dating back to the Great
Recession.
The hit related to "the final settlements and probable
dispositions of all known litigated and other claim costs"
against its financial indemnity business, the Chicago-based insurer
said late today. The business is now in run-off.
The claims date back to the downturn sparked by the sub-prime
mortgage market collapse that led to the financial crisis and the
Grea