The PMI Group, Walnut Creek, Calif., for the second time in two months, reduced its paid claims guidance at its U.S. mortgage insurance operations for 2008. Originally, the company projected paid claims, net of captive reinsurance recoveries, of between $900 million and $975 million. At the start of November, it cut the guidance to between $850 million to $900 million. Its latest guidance now calls for paid claims of between $810 million to $835 million for the full year 2008.
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