Financial Guaranty Insurance Company (FGIC) is a New York-based company that specializes in providing insurance policies and financial guaranties. With a history dating back to 1999, FGIC has gained recognition for its commitment to regulatory compliance, as evidenced by multiple approvals from the New York State Department of Financial Services (NYSDFS) for upward adjustments to its Capital Preservation Plan (CPP). While currently not writing new insurance policies or financial guaranties, FGIC remains a trusted name in the industry, ensuring the protection of its policyholders' interests.
FGIC has made significant strides in its operations, including the sale of FGIC UK Limited in 2020 and the filing of a complaint against prominent financial institutions such as Citigroup Global Markets Inc. and Goldman Sachs Co LLC in 2020. As a reputable company, FGIC encourages individuals to report any unauthorized attempts to sell new insurance policies or collect premiums outside the ordinary course, emphasizing its commitment to maintaining the integrity of its services. With a strong track record and a focus on regulatory compliance, FGIC continues to be a reliable choice for insurance and financial guaranty needs.
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