TITLE

Wisconsin Regulator Takes Action To Protect Against Ambac Troubles

AUTHOR(S)
Birch, Ray
PUB. DATE
November 2010
SOURCE
Credit Union Journal;11/29/2010, Vol. 14 Issue 48, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Wisconsin Insurance Commissioner's office has taken measures to preserve Ambac Assurance Corp.'s claims-paying ability after the latter declared bankruptcy. Lee Butke mentions that the plan of rehabilitation which was placed by the commissioner in March 2010 segregates certain liabilities of the company that shows serious financial risks. It also notes on the two independent third-party analysis by Corporate One FCU.
ACCESSION #
55741359

 

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