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Lawsuit Reveals Differences Between Players In Financial Guaranty Market

International Editor


An ongoing legal dispute between Royal Indemnity and MBIA Insurance Corporation is highlighting a clash of cultures between multiline and monoline insurers in the field of financial guaranty insurance, according to a legal expert in the field.

On July 15, MBIA Insurance Corp. in Armonk, N.Y., filed suit in Delaware federal district court, along with Wells Fargo in its capacity as trustee, against Royal Indemnity Company to enforce insurance policies that Royal issued for vocational loans originated by Student Finance Corporation.

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