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ARMONK, N.Y. -- Bond insurer MBIA says losses on its coverage of risky investments have resulted in a loss for the third quarter, breaking two straight quarters of profits. Full Article at Miami Herald
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Higher losses on MBIA’s coverage of mortgage-related securities and complex investments known as derivatives overwhelmed investment income and premiums collected on its insurance policies. Full Article at The New York Times
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NEW YORK -- MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third-quarter loss after two straight quarters of profits. Full Article at Miami Herald
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NEW YORK — MBIA Inc. said Monday that it incurred heavier losses in its insurance business than expected, saddling the bond insurer with a third-quarter loss after two straight quarters of profits. Full Article at Newsvine
