The following table shows the states with the highest number of primary insurance defaults (measured as of December 31,  2012) and the corresponding percentage of total defaults as of the dates indicated: Claims. Mortgage insurance claim volume is influenced by the circumstances surrounding the default.  The rate at which  defaults cure, and therefore, do not go to claim, depends in lar ge part on a borrower’s financial resources and circumstances,  local housing prices and housing supply (i.e., whether borrowers may cure defaults by selling the property in full satisfaction of  all amounts due under the mortgage), interest rates and regional economic conditions. In our first-lien insurance business, the  insured lender must acquire title to the property before submitting a claim. It can take anywhere from three months to five years  for a lender to acquire title to a property through foreclosure, depending on the state. Historically , on average, we do not receive  a request for claim payment until approximately 18 months following a default on a first-lien.  This time lag has increased in  recent years, as we have observed a slowdown in foreclosures (and consequently , a slowdown in claims submitted to us) largely  due to foreclosure moratoriums imposed by various government entities and lenders and increased scrutiny within the mortgage  servicing industry and foreclosure process. In our second-lien insurance business, foreclosure is not required and claims are  typically submitted based on a contractual number of days that a borrower is in default.  As a result, we typically are required to  pay a claim much earlier, within approximately 150 days of a borrower ’s missed payment. Claim activity is not spread evenly throughout the coverage period of a book of business. Historically , relatively few  claims on prime business are received during the first two years following issuance of a policy , and on non-prime business  during the first year . The following table shows direct claims paid by policy origination year (measured as of  December 31, 2012) as of the  periods indicated: 17 December 31, 2012 2011 2010 States with highest number of defaults: Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,415 16.5% 18,265 16.5% 20,685 16.5% California . . . . . . . . . . . . . . . . . . . . . . . . . 6,101 6.5 8,457 7.6 10,815 8.6 Illinois . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,034 6.5 6,869 6.2 7,203 5.7 Ohio. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,601 4.9 5,277 4.8 5,833 4.7 New Jersey . . . . . . . . . . . . . . . . . . . . . . . . 4,587 4.9 4,523 4.1 4,340 3.5 December 31, ($ in millions) 2012 2011 2010 Direct claims paid by origination year (first-lien): 2005 and prior . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 268 26.4% $ 333 22.7% $ 531 36.1% 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 194 19.1 331 22.5 345 23.5 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 403 39.8 634 43.1 506 34.5 2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137 13.5 166 11.3 85 5.8 2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.1 6 0.4 1 0.1 2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 0.1 — — — — 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — Total direct claims paid . . . . . . . . . . . . . . . . . $ 1,014 100.0% $ 1,470 100.0% $ 1,468 100.0%