National Public Finance Guarantee Corp. Becomes Primary Insurer on Previously Reinsured FGIC Policies
The idea is to move forward in a focused manner by prioritising things. This is largely aimed at bringing focused approach decision making,” another senior finance ministry official told ET. Economic affairs secretary Arvind Mayaram said the government is already working on a plan to open up the ports sector and the real estate investment trusts (REITs) will be soon announced to help attract more equity.The action plan could also include impediments that the officials feel that need to be removed in order to revive growth, which is likely to be around 4.8% in the first quarter of the current fiscal, same as that in the last quarter of previous fiscal. “We have done whatever we needed to do on the rupee front. It is now time to change focus,” the first official said.
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Finance Tue, Aug 20, 2013, 2:20 AM EDT – U.S. Markets open in 7 hrs 10 mins National Public Finance Guarantee Corp. Becomes Primary Insurer on Previously Reinsured FGIC Policies Press Release: National Public Finance Guarantee Corporation 10 hours ago -0.3200 ARMONK, N.Y.–(BUSINESS WIRE)– National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. ( MBI ), today announced that the Plan of Rehabilitation for Financial Guaranty Insurance Company (FGIC) that includes a Novation Agreement between FGIC and National has become effective as of August 19, 2013 (the Effective Date). Covered Policies (as defined in the Novation Agreement), that previously benefited from the reinsurance agreement and second to pay policies entered into by MBIA Insurance Corporation in 2008 and subsequently assigned to and reinsured by National in 2009, have been novated to National, which now becomes the primary insurer under the policies.
The Met Council did not immediately reveal what Frankels salary would be. Rapfogel, who made $417,000 a year, was canned after the Mets board found financial irregularities under his tenure. Rapfogel is believed to have purchased insurance policies at inflated prices using the Met Councils money and then received kickbacks from the agent, Century Coverage Corp., a source said. His wife, Judy, who serves as Assembly Speaker Sheldon Silvers chief of staff, has her own ties to the insurance company. In 1997, she paid the Valley Stream insurance agency $8,000 for car insurance during her failed campaign for a City Council seat, campaign finance board records show.
City finance commissioner moves to Metropolitan Council on Jewish Poverty
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