MBIA

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  The Week in Quotes

  By Staff Writers  |  May 18, 2012

  Leaders comment on the House's 30-day NFIP extension, force-placed insurance, and more.

• N.Y. State Senators Consider Hearing on MBIA

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 18, 2012

  Two New York State senators are considering hearings on the split of MBIA after banks raised questions about the move during a hearing in Manhattan.

• Banks Set to Argue MBIA Split Was Unreasonable

  By Karen Freifeld, Reuters  |  May 15, 2012

  Bank of America Corp and Societe Generale on Tuesday will begin opening arguments in a New York State courtroom to overturn the 2009 restructuring of bond insurer MBIA Inc.

• MBIA Posts Adjusted Q1 Loss

  By Reuters  |  May 11, 2012

  U.S. bond insurer MBIA Inc posted an adjusted loss compared with a year-ago profit, hurt by legal costs, losses on its insured exposures and investment impairments.

• MBIA & Banks Go To Trial

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 24, 2012

  After close to three years of legal wrangling, MBIA and a group of banks will finally fight it out in court come May 14 after a New York State judge set a date for trial.

• No Bonuses for MBIA Chief Execs

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 21, 2012

  The senior chief executives of MBIA will not be getting a bonus this year, though the compensation committee agreed that they are entitled to one.

• Fur Flies Between MBIA & Banks

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 13, 2012

  The testiness between guaranty insurer MBIA and a group of banks over insurance coverage of structured financial instruments got more personal as each side accused the other of wrongdoing in court.

• MBIA Reports $626m Q4 Loss

  By Mark E. Ruquet, PropertyCasualty360.com  |  March 1, 2012

  Bond insurer MBIA today reports a fourth-quarter loss of $626 million.

• HSBC, Morgan Stanley Exit MBIA Litigation

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 13, 2011

  Financial institutions Morgan Stanley and HSBC reached an agreement with guaranty insurer MBIA to withdraw from their legal challenges and go their separate ways, leaving five firms to battle it out over the insurer’s restructuring and accusations the banks fraudulently secured insurance coverage.

• MBIA Posts 3Q Profit; Ambac Records Loss

  By Mark E. Ruquet, PropertyCasualty360.com  |  November 10, 2011

  Two major bond insurers hobbled by the financial meltdown in the credit markets report mixed third-quarter results today.