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Are Bond Insurance Companies Regulated By The FDIC? If Not, Who Regulates Them?

Feb 26, 2008 by internet1136@sbcglobal.net | Posted in Insurance

Are tie insurance companies regulated by the FDIC?

I'm referring to companies such as MBIA, Ambac Pecuniary Group and such.

Are they regulated by any national banking agency? (Officer of comptroller of currency, have bank regulators, federal reserve and so on.)

If none of the above, then who regulates them?

As any insurance convention they are regulated by the State insurance departments of the States in which they operate. Their is no national insurance commissioner as there is no nationalistic insurance charter (a much discussed subject in the insurance industry).

Moody's Investor Services and Type & Poor's rate their financial strength but neither organization has regulatory power.

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As any insurance callers they are regulated by the State insurance departments of the States in which they operate. Their is no national insurance commissioner as there is no native insurance charter (a much discussed subject in the insurance industry).

Moody's Investor Services and Measure & Poor's rate their financial strength but neither organization has regulatory power.
Tom Z | Feb 27, 2008

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Fitch Upgrades IL Housing Development Auth's GO Pledge Rating to 'AA ...

15.12.09

NEW YORK - (Duty Wire) Fitch Ratings upgrades Illinois Protection Development Authority's (IHDA) general liability (GO) debt pledge rating to 'AA-' from 'A+'. The rating, while not assigned to any explicit class of debt, represents an overall impute assessment of the authority's ability to meet its GO cheer requirements. In addition, as detailed in the special report 'Maintain HFA Outlook for 2009' (dated May 4, 2009, and available onMostlyFitch's web site at ' www.fitchratings.com '), Fitch is now assigning Outlooks to its tax-exempt container ratings. Fitch today assigns a Strong Rating Outlook to IHDA's 'AA-' GO rating .

The upgrade of IHDA's GO rating to 'AA-' from 'A+' reflects continuedEspeciallyimprovement in IHDA's leverage profile despite the stressed solvency and economic environment. Declining GO exposure, a unfailingly favorable operating profile and loan gig provide additional strength to the GO pledge of the dominion. The Stable Outlook reflects a successful board of directors track record with a well-tenured and experienced staff asOn the wholewell as the stable performance of GO-backed program loans and varying rate debt.

Source: Earthtimes (press release)

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