Berkshire Hathaway Assurance is an bond insurance company created by Berkshire Hathaway, Inc. in December, 2007. A private company is a company that is independently owned. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... County Douglas County, Nebraska Area  - Total  - Water 1,290. ... The Metropolitan Life Insurance Company is one of the largest New York based life insurance companies Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. ... Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. ... Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. ... Look up December in Wiktionary, the free dictionary. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ...

History

Berkshire created this government bond insurance company in December, 2007 to insure municipal and state bonds. These type bonds are issued by local governments to finance public works projects such as schools, hospitals, roads, and sewer systems. Berkshire is not guaranteeing BHA^{[citation needed]}, thus opening itself to competition from any number of investors who could easily assemble the $5 billion capital. BHA will begin in New York, then move to California, Puerto Rico, Texas, Illinois, and Florida.^[1] On February 12, 2008, Warren Buffet announced a plan to add up to $5 billion in capital to BHA to enable it to provide reinsurance on municipal bonds currently guaranteed by Ambac, MBIA, and FGIC Corp.^[2] Buffet also announced BHA had closed its first deal to insure $50 million in debt for a 2% fee.^[2] In the United States, a municipal bond (or muni) is a bond issued by a state, city or other local government, or their agencies. ... Warren Edward Buffett (born August 30, 1930) is a wealthy American investor and businessman. ... Active Mass Balance Auto Control (AMBAC) is a fictional technology in the Gundam universe that allows for thrusterless manuvering in space by mobile suits by means of manipulating their limbs. ... MBIA Inc. ...

References