Insurance Commissioner Disapproves Interest Payment on Surplus Notes

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posted:5/16/2012
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Description: NEW YORK--(EON: Enhanced Online News)--Ambac Assurance Corporation (“Ambac Assurance”) today announced that the Commissioner of Insurance of the State of Wisconsin has disapproved the requests of Ambac Assurance and the Special Deputy Commissioner of the Segregated Account of Ambac Assurance (“Segregated Account”), acting on behalf of the Rehabilitator of the Segregated Account, to pay accrued interest on all outstanding Surplus Notes issued by Ambac Assurance and the Segregated Account on the s a style='fon
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