Bond insurer Ambac says it will begin making payments on claims,likely beginning this week, after a judge in Wisconsin granted thecompany permission to do so.
|In a Securities and Exchange Commission filing, New York-basedAmbac says it will begin paying 25 percent of the permitted policyclaims amount. The payments are scheduled to begin on or around the20th of this month.
|The claims cover a period from March 24, 2010 to July 31, 2012and will be paid in cash.
|Payments will be made from the company's segregated account,domiciled in Wisconsin, which was created after the company filed for bankruptcy protection in2010.
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