Treasury Plan To Include Aid For Insurers In Trouble

Law360, New York (March 24, 2009, 12:00 AM EDT) -- Helping to fuel a big rally on Wall Street on Monday, the U.S. Department of the Treasury announced that targeted investments contemplated as part of the Public-Private Investment Program would be used to bring some relief to the beleaguered insurance industry.

But exactly what the announcement would mean for companies such as bond insurers Ambac Financial Group Inc. and MBIA Inc. or global insurance conglomerate American International Group Inc. — who are among the most critical casualties of the economic meltdown — remains unclear.

"We're still...
To view the full article, register now.