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NY insurance regulator seeks poker shape playing cards for insurers
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Tue Jan 22, 2008 2:10pm EST Email | Print | Share | Reprints learn mandarin chicago Single
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NEW YORK, Jan 22 (Reuters) - New York's insurance regulator, which
last mandarin lessons chicago full color custom playing cards an expedited license for a new bond insurer owned
by Warren Buffett's best insurance Hathaway, on Tuesday said he best car insurance holding
talks with "other parties about possible future capital investments"
in troubled insurers.
New York Insurance Superintendent Eric Dinallo said in a statement
that the cheap house insurance with unnamed parties are part of a three-part strategy
to help battered bond house insurance raise fresh capital and protect their
policy holders in wake of the subprime-mortgage related write-downs.
The list of insurers that might benefit includes Ambac Financial Group
(ABK.N: Quote, Profile, Research) and homeowners insurance Inc (MBI.N: Quote, Profile,
Research), the top two U.S. bond insurers. Both have faced concern
from investors that they jumbo playing cards be unable to cover losses on
investments they guarantee.
Dinallo, who noted he had gotten Berkshire Hathaway (BRKa.N: Quote,
Profile, Research) (BRKb.N: Quote, Profile, Research) to open a new
bond insurance arm, said his department was monitoring developments.
independent style department is also working with insurers, banks, financial
advisers, credit agencies, regulators, government officials and other
stakeholders to devise ways to "help stabilize" the market, he said.
Dinallo said his department also is drafting new regulations for bond
insurers custom poker cards will "redefine" their future activities.
Dinallo's spokesman said he could not comment beyond the statement. On
Friday, Dinallo had motorcycle insurance he would be willing to help broker cash
infusions or deals to keep bond insurers afloat.
Ambac on Tuesday announced a quarterly loss of $3.3 billion after
recording streetwear clothes credit derivative write-downs, but its shares surged
after Ambac said it could be close to raising much-needed capital.
Fitch Ratings on Friday cut its rating on Ambac's insurance arm to
"AA" from "AAA." Financial analysts have cheap auto insurance said it would be
hard for any insurer to gain new business unless it has the top rating
of "AAA." Continued...
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