Insurers fight News on probe of redlining (The Buffalo News)

Published - 09/05/2008 05:40 AM

Seven major auto and home insurers in New York State are fighting to prevent the release to The Buffalo News of state regulatory data that could show whether insurers are avoiding business in certain ZIP codes. 

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MBIA Lending a Hand to FGIC (Financial Planning.com)

Published - 09/02/2008 09:34 AM

MBIA Inc. will reinsure $184 billion worth of Financial Guaranty Insurance Corp.'s US public finance book, providing a boost to municipal bond holders and to FGIC's statutory capital position, the companies announced last night. 

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N.Y. governor predicts drop in comp rates (Business Insurance)

Published - 08/27/2008 10:15 AM

ALBANY, N.Y.—Rates for New York workers compensation policies issued during 2009 will decline about 5%, Gov. David A. Paterson said Tuesday. The decrease was approved by the New York Insurance Department. 

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MBIA Picks Up FGIC's Slack (Forbes)

Published - 08/28/2008 04:29 PM

The bond insurer will reinsure some of FGIC's assets, raising its own capital base. 

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MBIA to Aid Troubled Bond Insurer (New York Times)

Published - 08/28/2008 06:13 AM

MBIA agreed on Wednesday to take control of nearly $200 billion of municipal bonds currently backed by a rival bond insurer, FGIC , in a move that could help its competitor avoid bankruptcy. 

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MBIA Snaps Up FGIC Munis (Forbes)

Published - 08/28/2008 10:44 AM

The bond insurer assumed $184 billion in municipal bonds from its privately owned competitor, taking $741 million in upfront fees in the process. 

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MBIA shares soar on reinsurance deal with FGIC (AP via Yahoo! Finance)

Published - 08/28/2008 06:56 PM

Shares of MBIA Inc. soared more than 30 percent Thursday, one day after the bond insurer agreed to back nearly $200 billion of municipal bonds insured by rival FGIC Corp. 

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Ahead of the Bell: MBIA climbs on FGIC deal (AP via Yahoo! Finance)

Published - 08/28/2008 07:31 AM

Shares of MBIA Inc. rose sharply in premarket electronic trading Thursday, a day after the bond insurer agreed to reinsure nearly $200 billion of municipal bonds backed by FGIC Corp. 

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AIG Travel Guard Offers Free Assistance to Passengers Stranded by Zoom Airlines (PR Newswire via Yahoo! Finance)

Published - 08/29/2008 09:03 AM

AIG Travel Guard is offering free emergency travel assistance to passengers stranded in both Canada and the United Kingdom due to the grounding of all Zoom Airlines flights. Passengers do not need to be AIG Travel Guard customers. 

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MBIA Inc. Surges 20 Percent on Reinsurance Deal with Financial Guaranty Insurance (Schaeffers Research)

Published - 08/28/2008 09:00 AM

The shares of MBIA Inc. (MBI: sentiment, chart, options) spiked sharply higher out of the gate this morning, thanks to some positive news for the battered bond insurer...( Read More ) 

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