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"This is a procedural development in an investigation that began more than 15 months ago and does not necessarily indicate any negative outcome," said Tom Vogel, speaking for the Financial Security As

In his signed article, Rep. Kanjorski said the problems faced by bond insurers pointed out the "real need" for better regulation of bond insurers--a need that might be best served by an optional

Berkshire Hathaway Chairman Warren Buffett last week offered three troubled bond insurers a deal to guarantee their municipal business, but not their shakier business related to securitization of

As if the insurance industry didn't have a bad enough image problem, the potential fallout should bond insurers lose their Triple-A rating due to boneheaded ...

Testifying before the Capital Markets Subcommittee of the House Financial Services Committee, Mr. Spitzer said if the added funds don't materialize, the state will force the insurers to split their he

Other witnesses scheduled to testify at the hearing before the Capital Markets Subcommittee will include New York State Insurance Commissioner Eric Dinallo, who will be with a group on a panel that

WASHINGTON--New York Gov. Eliot Spitzer will be among a broad-based lineup of witnesses appearing tomorrow at a House subcommittee hearing looking into oversight of the troubled bond insurance industry

Still, his comments, which came in an interview on CNBC, set off a stock market rally and drew a happy reaction from New York Insurance Superintendent Eric Dinallo, who has been working on deals to