Ambac Financial Group News

Wisconsin's insurance commissioner on Wednesday said he asked a state judge for permission to pay out about $800 million to policyholders of a unit of bankrupt bond insurer Ambac Financial Group Inc.

Analyst Report ) has hit the headlines again for issues related to its Countrywide settlement.

Ambac Assurance Corp. a New York-based bond insurer, today filed a suit against the city in Dauphin County Court seeking more than $5 million for bond payments the city missed in March.

Only one borrower out of 1,800 newly originated prime loans backing Fitch -rated U.S. residential mortgage-backed securities is delinquent, the ratings giant said.

Ambac Financial Group Inc., the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase & Co.