 Our loss reserve estimate incorporates our recent experience with respect to the elevated number of claims that we have  been denying due to the policyholder’s failure to submit suf ficient documentation to perfect a claim and incorporates our recent  experience with respect to the number of insurance certificates that ultimately will be rescinded due to fraud, underwriter  negligence or other factors. Our mortgage insurance reserves also incorporate our expectations of the number of previously  rescinded or denied policies that we expect to reinstate. Our current level of rescissions and denials remains elevated compared  to historical levels, which we believe reflects the lar ger concentration of poorly underwritten loans (primarily originated during  2005 through 2008) that are in our default inventory , as well as our efforts to examine a substantial portion of our claims for  potential rescissions or denials. We expect the level of rescissions and denials to continue to remain elevated compared to  historical levels as long as our 2005 through 2008 insurance policies comprise a significant percentage of our default inventory . The table below shows the details related to the number of rescinded policies and denied claims for the periods indicated.  Recent trends in insurance rescissions and claim denial activity reflect both an overall increase in the number of policies rescinded  and claims denied, as well as an increase in the number of rescissions and denials that have been reinstated (previously rescinded)  or perfected (previously denied). This increase in reinstatements is partly due to lenders challenging a greater number of rescissions  and denials as well as the overall effectiveness of these challenges (i.e., producing new or additional information that supports a  reinstatement of coverage or a claim payment).  The following table illustrates the impact to our loss reserve estimates due to estimated future insurance rescissions and  claim denials as of the dates indicated: The following table illustrates the amount of first-lien claims submitted to us for payment that were rescinded or denied,  net of any reinstatements of previously rescinded policies or denied claims for the periods indicated: (1)  Includes an amount related to a small number of submitted claims that were subsequently withdrawn by the insured. 110 Year Ended December 31, 2012 2011 2010 Rescinded policies: Rescinded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,367) (5,779) (4,854) Reinstated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 934 927 414 Denied claims: Denied . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,812) (5,370) (3,927) Reinstated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,875 3,272 1,164 Total net rescissions and denials . . . . . . . . . . . . . . . (10,370) (6,950) (7,203) December 31, (In millions) 2012 2011 2010 Decrease to our loss reserve due to estimated rescissions and denials. . . . $ 455 $ 631 $ 922 Year Ended December 31, (In millions) 2012 2011 2010 Rescissions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 279.3 $ 474.2 $ 538.3 Denials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 539.4 170.9 261.7 Total first-lien claims submitted for payment that were rescinded or denied (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 818.7 $ 645.1 $ 800.0 __________________