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Build America Mutual Assurance Company (stylized as Build America Mutual or BAM) is a mutual, monoline bond insurer of essential public-purpose U.S. municipal bonds. Since its inception in July 2012, the company has insured more than $65 billion in par amount for more than 3,300 member-issuers.
Western Surety Company is an insurance company based in Sioux Falls, South Dakota. It was founded in 1900 by attorney Joe Kirby [1] who periodically needed court bonds in connection with his law practice. [2] Headquartered in Sioux Falls, the company was run for decades by four generations of Kirbys.
The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.
Tax bonds, which assure that a business owner will comply with laws relating to the remittance of sales or other taxes. [citation needed] Reclamation and environmental protection bonds; Broker's bonds, including insurance, mortgage, and title agency bonds; ERISA (Employee Retirement Income Security Act) bonds; Motor vehicle dealer bonds ...
How much is car insurance in Alabama?The average cost of car insurance in the U.S. is $644 per year for minimum coverage and $2,314 for full coverage. Drivers in Alabama pay close to the national ...
The Ambac Financial Group, Inc., generally known as Ambac (originally the American Municipal Bond Assurance Corporation), is an American holding company. Its subsidiaries provide financial guarantee products such as bond insurance to clients in both the public and private sectors globally. Ambac Assurance is a guarantor of public finance and ...
Drivers who choose to forgo insurance while driving are in violation of Alabama auto insurance laws and can face certain consequences or penalties. For the first offense, the fine is $500 and a 45 ...
BHA began insurance operations in New York, with plans to move on to California, Puerto Rico, Texas, Illinois, and Florida. [6] On February 12, 2008, Warren Buffett announced a plan to add up to $5 billion in capital to BHA to enable it to provide reinsurance on municipal bonds currently guaranteed by Ambac , MBIA , and Financial Guaranty ...