NY Gov working on fix for bond insurers
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ALBANY, New York  - New York Gov. Eliot Spitzer said on Tuesday he was working "extraordinarily hard" to aid troubled bond insurers, adding that he would do what is appropriate for the bond market, and the municipal market in particular.
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MBIA Inc., a large U.S. bond insurer,  said on Thursday it received subpoenas from the U.S. Securities  and Exchange Commission and New York Attorney General Eliot  Spitzer, seeking information about so-called non-traditional or  loss-mitigation insurance products.
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WASHINGTON (CBS.MW) - State and federal regulators need to widen their probe of the US insurance industry in order to protect consumers and the economy, New York Attorney General Eliot Spitzer will tell a congressional panel Tuesday.
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A new report from the state comptroller urges the M.T.A. to hold off on raising tolls and fares until the fate of Mayor Bloomberg's congestion pricing proposal is clearer.
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Britain's finance minister said on Wednesday he was working on a set of measures which will allow the government to launch emergency rescues if other banks run into trouble similar to that experienced by Northern Rock.
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Acknowledging his problems navigating the turbulent waters of Albany, Gov. Eliot Spitzer is seeking help from advisers outside of his close-knit circle of aides.
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The New York State insurance superintendent, Eric R. Dinallo, has been working with banks on rescue plans for several bond insurers, which guarantee $2.4 trillion of debt.
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The lawmakers said they were particularly concerned with a key aspect of the agenciesâ business models: they get paid by the companies whose bonds they rate.
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The bond insurer problem must be  fixed, or else it could become a "financial tsunami" that  wreaks havoc on the broader economy, New York Governor Eliot  Spitzer is due to tell the Congress Thursday.
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Attorney General Andrew Cuomo of New York said that he is conducting an investigation of health insurers into allegations that reimbursement rates were manipulated to defraud consumers.
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Congress approved an economic stimulus package. The Treasury Department pressed lenders to reset mortgage rates for millions of troubled homeowners. And New York's insurance regulator is attempting to bail out a critical sector of the industry.
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ALBANY, NY The state is releasing a guide to insurance coverage of obesity treatment today. Attorney General Eliot Spitzer says the guide was developed after many consumers complained to his office that it
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Eliot Spitzer, the New York attorney general, is training his spotlight on the buying and selling of insurance policies that artificially bolster companies' financial statements.
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New Yorkâs attorney general is looking into whether insurers overcharged patients for out-of-network doctors.
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In a sign that Warren Buffett's new bond insurer may find eager customers, Rhode Island has asked the billionaire investor to bring the new venture to the state to help maintain and increase value of its bonds.
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FGIC Corp, a bond insurer whose main  unit has lost its top credit ratings from the three major  agencies, has told New York regulators it wants to split into  two companies, New York Insurance Superintendent Eric Dinallo  said on Friday.
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The bond insurer, which took a $5.21 billion write-down, said it is reviewing ways to raise capital.