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Ambac Assurance Segregated Claims Payments Delayed

Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.

By Mark E. Ruquet | Updated on May 02, 2011

Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.

The news came in separate statements issued April 22 by the company and the rehabilitator, the Wisconsin Department of Insurance.

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