Triad Guaranty Inc. filed for chapter 11 protection yesterday after the mortgage insurer was hurt by higher insured losses on the back of weakness in the jobs and housing markets, Reuters reported today. Triad, which sells mortgage insurance to residential mortgage lenders, said in its court filing that its loss ratios had been hit by "continued high unemployment in the U.S. and the slow economic recovery in U.S. residential mortgage and housing markets." The case is In re Triad Guaranty Inc., Case No. 13-11452, U.S. Bankruptcy Court, District of Delaware.
