Several major municipal bond insurers said yesterday they have exposure to bonds issued by Orange County, Calif., and other municipalities involved in the county's troubled investment fund.

But the insurers moved quickly to reassure investors that the situation is under control, issuing a series of public statements and press releases.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.