Two bond insurance subsidiaries of Assured Guaranty Ltd. have made some $205 million in debt service payments to holders of insured General Obligation and other bonds on which Puerto Rico and certain of its entities defaulted on July 1, the company announced Thursday.
ASC, a Puerto Rico-based insurance company dedicated exclusively to providing compulsory liability insurance for vehicles, announced Tuesday a new service enabling customers to initiate and complete, completely online, the process of submitting a claim, as well as receive payment for the damage the same day of filing a claim.
Following the success achieved with auto accident insurance firm Point Guard, the founding trio of entrepreneurs are now launching Puerto Rico Home Insurance, offering the only local home insurance policy that reimburses consumers 20 percent of their annual premium if they have no claims during the coverage year.
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