NU Online News Service, Aug. 10, 2:31 p.m. EDT
Troubled guaranty insurer Ambac Financial Group Inc. reports second-quarter net losses increased by $45 million, driven by several factors including lower net premiums.
The New York-based carrier says the net loss during the second quarter was $102 million compared to a net loss of $58 million for the same period last year. Net premiums earned fell $68 million, going from $168 million last year to $99 million this year.
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