Acronym Definition
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MBIA Montana Building Industry Association
MBIA Municipal Bond Investors Assurance
MBIA Municipal Bond Insurance Association
MBIA Massachusetts Brain Injury Association
Who owns MBIA?
Managed by MISC, MBIA is formed by four major insurance companies: The Aetna Casualty and Surety Company, St. Paul Fire and Marine Insurance Company, Aetna Insurance Company (then part of Connecticut General and now part of CIGNA), and United States Fire Insurance Company, a Crum & Forster Company.
Does MBIA still exist?
MBIA avoided going bust but is a shadow of its former self. Both firms remain in run-off, meaning they cannot write new policies, but have big books of existing business. These days, most new policies are written by either Bermuda's Assured Guaranty or New York-based Build America Mutual.15 Aug 2019