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Insurance Commissioner Approves ACA Financial Guaranty Corporation Settlement and Restructuring Plan.

Publication: Business Wire
Publication Date: 08-AUG-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
BALTIMORE -- Insurance Commissioner Ralph S. Tyler announced a resolution today in the matter of ACA Financial Guaranty Corporation, a financial guaranty company that has been under financial stress since last year.

The Order issued today by the Commissioner explains that ACA has settled, or will settle at or before closing, many of its obligations. ACA's remaining insurance obligations will consist primarily of traditional financial guaranty insurance written on municipal obligations. The approved restructuring will provide significant protection to ACA's municipal policyholders. ACA will operate as a...

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