Syncora Guarantee Inc. has failed to pay claims totaling $61.7 million on eight insurance policies since suspending its claims payments in April, according to a statutory filing released yesterday.

Following an order signed by the New York Insurance Department, the bond insurer has suspended claims payments while it attempts to reduce its structured finance exposures and meet its minimum capital requirements. The insurance regulators have given the company until May 29 to complete its agreements, although they have the right to intervene earlier.

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