Wisconsin Regulator Takes Action To Protect Against Ambac Troubles

Birch, Ray
November 2010
Credit Union Journal;11/29/2010, Vol. 14 Issue 48, p2
Trade Publication
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.


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