-
By Mark E. Ruquet, PropertyCasualty360.com |
September 23, 2011
Ambac Financial Group, Inc. says it has reached an agreement with Wisconsin regulators over outstanding tax and expense-related issues surrounding subsidiary Ambac Assurance Corp.
-
By Mark E. Ruquet, PropertyCasualty360.com |
July 15, 2011
Ambac says it hopes it can reach an agreement with Wisconsin’s insurance commissioner that will allow the company to file its bankruptcy reorganization plan.
-
By Mark E. Ruquet, PropertyCasualty360.com |
June 14, 2011
Troubled bond insurer Ambac says David Wallis, its president and CEO, and Kevin Doyle, senior vice president and general counsel, have resigned.
-
By Mark E. Ruquet, PropertyCasualty360.com |
April 25, 2011
Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.
-
By Mark E. Ruquet, PropertyCasualty360.com |
March 21, 2011
Troubled New York-based bond insurer Ambac Financial Group said its Wisconsin subsidiary, Ambac Assurance, will begin paying policy claims out of its segregated account in May.
-
By Phil Gusman, PropertyCasualty360.com |
January 27, 2011
The Wisconsin Office of the Commissioner of Insurance (OCI) said its plan to rehabilitate Ambac Assurance Corp., a Wisconsin subsidiary of New York-based bond insurer Ambac Financial Group, has been upheld by a circuit court judge.
-
By Phil Gusman, PropertyCasualty360.com |
November 11, 2010
A policyholder group is criticizing the Wisconsin Office of the Commissioner of Insurance for not protecting Ambac Assurance Corporation policyholders after
-
By Mark E. Ruquet, PropertyCasualty360.com |
October 11, 2010
Ambac claimants will receive cash and notes if a state court approves the Wisconsin Office of the Commissioner of Insurance's rehabilitation plan released Friday for the carrier's segregated account.
-
By Mark E. Ruquet, PropertyCasualty360.com |
April 9, 2010
Ambac Financial Group Inc. reported a fourth-quarter net profit compared to a $2 billion loss for the 2008 period, but debt obligations cloud its future and could mean bankruptcy, the bond insurer reported today.
-
By Daniel Hays |
March 26, 2010
Standard & Poor's Ratings Services said the rating status for the Wisconsin subsidiary of municipal bond insurer Ambac Financial Group has been revised after that state's regulator halted claim payments to certain policyholders.
