Bond insurer Ambac Financial Group, said again that you can apply for bankruptcy protection after state regulators took control of some of its most problematic.
The company, which has struggled to write new business since losing its AAA credit rating in 2008, said in a filing to the Securities and Exchange Commission on Tuesday that "in the second quarter of 2010" can not decide to make payments interest of its debt, which could result in a default.
"The company had become economically dangerous," said Wisconsin Insurance Commissioner Sean Dilweg, said in an interview with Reuters, adding that under state law, an insurance company is dangerous when it may not be able to to pay claims in the future.
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