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Surety & Title Insurance News
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National Public Finance Guarantee Corporation Reaffirms the Status of FGIC Reinsured Policies
Wed 1:11 pm ET (Business Wire)
ARMONK, N.Y.----National Public Finance Guarantee Corporation , an indirect subsidiary of MBIA Inc. , today confirmed that the announcement by Financial Guaranty Insurance Co that the New York State Insurance Department has ordered FGIC to suspend paying claims as of Tuesday, November 24, 2009, because it is in violation of the state's minimum capital requirements, will not affect the status of National’s coverage of the FGIC public finance policies reinsured by National.
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| Market Capitalization: | 11B | | Price
/ Earnings: | NM | | Price
/ Book: | 1.4 | | Net
Profit Margin (mrq): | -26.9% | | Price
To Free Cash Flow (mrq): | -3.9 | | Return
on Equity: | 0.0% | | Total
Debt / Equity: | 0.0 | | Dividend
Yield: | 5.8% |
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