The New York Superintendent of Financial Services has filed a rehabilitation plan for bond insurer Financial Guaranty Insurance Co. that will initially pay 15% on policy claims.

According to a FGIC document, on March 31 the company insured $12.3 billion in domestic public finance. This is about 31% of its insured portfolio.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.