ORI
- Old Republic International Corporation
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Overview
Company Summary
Old Republic International Corporation (ORI) is a diversified insurance company that provides a wide range of insurance services and products. The company primarily operates through its various subsidiaries, which are involved in different segments of the insurance industry.
One of the key areas of focus for ORI is property and casualty insurance. Their subsidiaries offer coverage for automobiles, homes, businesses, and other property, protecting policyholders against financial losses related to damage, theft, accidents, and liability claims.
ORI is also involved in providing title insurance. They have subsidiaries that specialize in insuring the ownership of real property, ensuring that property buyers and lenders have clear ownership rights and protecting them from potential ownership disputes or legal issues.
Another segment of ORI's business is mortgage guaranty insurance. Through their subsidiaries, ORI provides insurance coverage for residential mortgage loans, which protects lenders against potential losses in case borrowers default on their mortgage payments.
In addition to these segments, ORI operates in the general insurance business, offering surety and warranty products. Surety bonds are issued to guarantee the performance of certain obligations, while warranty contracts provide protection against defects or malfunctions in goods or services.
Overall, Old Republic International Corporation is a multi-faceted insurance company with a diverse portfolio of products and services. They aim to provide comprehensive coverage and risk management solutions to individuals, businesses, and lenders, ensuring protection against various insurance and title-related risks.