PMI unit seized by Arizona insurance regulators

``Under a court order obtained by Arizona regulators, "the Arizona Department of Insurance now has full possession, management and control of PMI," the company said in a brief statement. The seizure of Arizona-based PMI Mortgage Insurance Co comes two months after two PMI units were ordered to stop writing new business due to their failure to meet capital requirements... MGIC, which is close to breaching its risk limit, said on Friday it would pump about $200 million into its loss-laden units to allow it to continue writing new insurance.''