FGIC, XL Insurance Alabama County debt give ideas
FGIC Corp. arm’s insurance bond and XL Capital Assurance Inc., a part of Security Capital Assurance (SCA.N: Quote, Profile, Research), said Friday that the proposals made, Representatives of Alabama’s in Jefferson County an attempt to resolve its debt problems.
Insurers have proposed, with VAT revenue as a means of capital and income to debt reduction of the county’s sewers, they said in a statement.
The proposals were also to improve the operational effectiveness of the sewage system, which would allow countries in a circle, again access to capital markets and restructuring of its debt, she said.
FGIC and insurers are XLCA Jefferson County’s sewer bond debt.
“FGIC and XLCA are confident that the ideas discussed in recent weeks represent productive steps towards a comprehensive solution to Jefferson County debt crisis,” said the insurer.
“We have a number of solutions we believe that fairness for all parties concerned, including Jefferson County’s ratepayers and its bondholders,” added she added.
The province has one of the most common in the country before expensive debts through debt swaps.
If the province, the largest hometown of Birmingham Alabama, files for Chapter 9, it would be the largest municipal bankruptcy in the history of USA.
Related Articles
Roundup Supreme Court, the High Court to decide if it can be Barred jurors on the basis of sex
Seven years after the Supreme Court decided that the first race could not play a role in the jury selection, the Justices agreed today to decide whether the same principle of equal protection bars the exclusion of of potential jurors on the basis of their sex do. The court accepted a
Former Alabama star tasered during arrest
Prichard, Ala. - Former Alabama football star had Keith McCants with a Taser gun About Prichard by police who arrested, while two suspected prostitutes low in the United States as well as the down-45 pilot, powers government said. McCants, 39, allegedly threw a pair of pliers, a screwdriver and a crack
Banking and insurance One expert sees great opportunities.
If banks to go beyond, pensions motor insurance? Michael White is of the opinion that they can. White, president and CEO of even a consulting firm in Radnor, Pennsylvania (www.bankinsurance.com), the Bank has produced Insurance & Investment income-Fee and the report of the Bank Insurance Holding Company & Investment Fee
Nova Star Fremont sell
Boo! As a B-Movie-evil "Subprime" animus life yesterday to send shivers through investors, including those held in small. The bull is not afraid of long, near Grand-Remove small clues about the break-even at the last minute. The Russell 2000 index fell 3.98 points or 0.47% to 845.91 after so much skating as
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Unitrin, Inc. reported that its previously announced acquisition of Primesco, Inc. Decatur, Ala., in a stream of merger transactions with a value of $ 95.6 million. Primesco's wholly-owned subsidiaries, Mutual Life Insurance Co. Sparkassen-und Mutual Fire Insurance Co. Savings, which specializes in the sale of life insurance, health insurance and fire
FGIC, XL Insurance Alabama County debt give ideas
FGIC Corp. arm's insurance bond and XL Capital Assurance Inc., a part of Security Capital Assurance (SCA.N: Quote, Profile, Research), said Friday that the proposals made, Representatives of Alabama's in Jefferson County an attempt to resolve its debt problems. Insurers have proposed, with VAT revenue as a means of capital and
Lenders lend a hand on the victims of Katrina
Many have followed the request, even if it is not uniform. Six federal agencies - including the Federal Reserve, the Federal Deposit Insurance Corp. and National Credit Union Administration - Question (but not necessary) financial institutions to walk on people affected by Katrina. Among the recommendations, she suggested the financial institutions: ATM fees
The nation of the USA to holdings of Bill Clinton's Health Plan
All social programs as large and complex as President Clinton on the health plan to have different effects on a country as large and complex as the USA. For all its specificities, the plan has been States try to figure if it would be a winner or loser. Take Texas, the
HMO's in Florida damaged by the Greater exchange losses
In this era of turbulence HMOs, Sergio Potes was happy to return to the clinic ACC Little Havana, by the termination of a conversation with an old friend of Cuban province of Oriente. For the month of December, the clinic that has evolved over 20 years, was closed - a victim
Georgia insurer Assurance America, a small but productive place
The trade insurance in equities America is so easily that day without any activity. But this should not bother to Guy Millner, small auto insurers president and controller of nearly 80 percent of the stock. "It is an additional year to six quarters, for this company to more recognized," he said. Until then,