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Wisconsin rejects Ambac Assurance's surplus note interest payment date

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Wisconsin rejects Ambac Assurance's surplus note interest payment date

The Wisconsin Office of the Commissioner of Insurance did not approve Ambac Assurance Corp.'s request to pay accrued and unpaid interest on surplus notes on the next scheduled interest payment date of June 7.

The regulator approved a payment of $13.5 million which was paid by Ambac Assurance on March 1.