Even with Rescue, Puerto Rico Default Likely; Insurers Still at Risk for Millions June 30, 2016 Investors in Puerto Rico’s debt-burdened economy still face risks of default on some of the island’s $70 billion in debt...
Detroit Bankruptcy Exit Plan Cleared by Judge November 9, 2014 By Ed White A judge cleared Detroit to emerge from bankruptcy on Nov. 7, approving a hard-fought turnaround plan with a fervent plea...
Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue July 23, 2014 Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan,...
As Bond Insurers Drop Objections, Detroit Bankruptcy Progresses December 18, 2013 Detroit’s path through bankruptcy began to take shape on Dec. 17, with a second bond insurance firm ready to drop...
Ironshore Adds Surety Capacity Through Lexon, Boston Indemnity Group July 29, 2013 Ironshore Inc. and Lexon Surety Group are broadening their strategic alliance by providing additional capacity for Boston Indemnity Group (BIG),...
Lance Surety Launches New Program to Meet FMCSA Bond Increase Requirement July 19, 2013 Lance Surety Bond Associates, Inc. has launched a new program addressing the $75,000 Freight Broker Bond requirement that will take...
San Bernardino Bondholder, Insurer Support Bankruptcy Filing July 12, 2013 By Steven Church San Bernardino should be allowed to stay in bankruptcy, bond insurer Ambac Assurance Co. and a bondholder owed $50 million...
How Alabama County’s $4.2B Bankruptcy Plan Affects Insurers, Other Debtholders July 1, 2013 By Dawn McCarty and Steven Church Jefferson County, Alabama, filed a plan to end the biggest U.S. municipal bankruptcy later this year by cutting $1.2 billion...
Bondholders, Insurers Challenge San Bernardino Bankruptcy August 20, 2012 By Tim Reid Bondholders and bond insurers are challenging the eligibility of San Bernardino, California, to file for bankruptcy protection, claiming the city...
Bond Insurers Challenge Stockton’s Bankruptcy Over Pensions August 10, 2012 By Jim Christie and Peter Henderson Two bond insurers challenged the eligibility of Stockton, California, for bankruptcy, arguing that the city can cut pension benefits, a...