Thanks for bringing this up foodles. As an investor in ESNT, this is a risk I had not thought about until these recent hurricanes. Previously I had assumed that home owner insurance companies carried the risk for natural disasters, and that PMI covered financial defaults. But I suppose that people might simply walk away from their property if the value of their hurricane-damaged property is less than the mortgage, and that would put ESNT on the hook(?). Honestly, I don’t have a clue how this might play out, so I have sent a message to investor relations at ESNT to find out how they view this kind of risk. I’ll post their reply when/if I get any new information. For now, I am holding my shares.
DT