2009-11-25 19:18:03 -

National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI), today confirmed that the announcement by Financial Guaranty Insurance Co (FGIC) that the New York State Insurance Department (NYSID) has ordered FGIC to suspend paying claims as of Tuesday, November 24, 2009, because it is in violation of the state's minimum capital requirements, will not affect the status of National’s coverage of the FGIC public finance policies reinsured by National. National’s coverage of the FGIC policies covered under the reinsurance agreement will remain in effect with any claims payable directly by National.

“The reinsurance provided by National to relevant FGIC policyholders will provide continuous protection to investors on the underlying debt,” said Tom McLoughlin, National’s Chief Executive

Officer. “This coverage is supported by National’s financial strength and claims-paying resources.”

Copies of the relevant policyholder documentation as well as a complete listing of National’s insured portfolio, including the FGIC reinsured policies, can be found on National’s website at www.nationalpfg.com : .



Forward-Looking Statements

This release includes statements that are not historical or current facts and are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “anticipate,” “project,” “plan,” “expect,” “intend,” “will likely result,” “looking forward” or “will continue,” and similar expressions identify forward-looking statements. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other risks, the possibility that MBIA Inc., which is the ultimate parent company of National Public Finance Guarantee Corporation, or National will experience severe losses due to increased deterioration in its insurance portfolios; significant fluctuations in liquidity and asset values with the global credit markets; MBIA Inc.’s or National’s ability to fully implement their Strategic Plans as outlined in MBIA Inc.’s most recent Annual Report on Form 10-K; further changes in the MBIA Inc.’s or National’s credit ratings; and changes in general economic and competitive conditions. These and other factors that could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying the MBIA Inc.’s or National’s forward-looking statements are discussed under the “Risk Factors” section in MBIA Inc.’s most recent Annual Report on Form 10-K, which may be updated or amended in the MBIA Inc.’s subsequent filings with the Securities and Exchange Commission. MBIA Inc. and National caution readers not to place undue reliance on any such forward-looking statements, which speak only to their respective dates. National and MBIA Inc. undertake no obligation to publicly correct or update any forward-looking statement if it later becomes aware that such result is not likely to be achieved.

National Public Finance Guarantee Corporation, headquartered in Armonk, New York is the world’s largest U.S. public finance-only financial guarantee insurance company, with offices in New York and San Francisco.
National is a wholly owned, indirect subsidiary of MBIA Inc. (NYSE.

MBI). Please visit National’s Web site at www.nationalpfg.com : .



National Public Finance Guarantee CorporationMedia:Kevin

Brown, +1-914-765-3648Elizabeth James, +1-914-765-3889orInvestor
Relations:Nick Sourbis +1-914-765-3385