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News Breaks
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November 25, 2009
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| 13:12 EDT |  | MBI |
| theflyonthewall.com: | NPFGC reaffirms status of FGIC reinsured policies | | National Public Finance Guarantee Corporation, an indirect subsidiary of MBIA (MBI), confirmed that the announcement by Financial Guaranty Insurance Co (FGIC) that the New York State Insurance Department has ordered FGIC to suspend paying claims as of Tuesday, November 24,because it is in violation of the state's minimum capital requirements, will not affect the status of National’s coverage of the FGIC public finance policies reinsured by National. National’s coverage of the FGIC policies covered under the reinsurance agreement will remain in effect with any claims payable directly by National. :theflyonthewall.com |
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February 3, 2012
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| 11:10 EDT |  | MBI |
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