Other investors have ridden the MBIA roller coaster as the company has skirted death over its overwhelming insurance claims, then negotiated settlements with mortgage underwriters and securities issuers like Flagstar it says misled it about the quality of the underlying loans it insured.

FORBES: MBIA Settlement Doesn't Bail Warburg Out Of Ill-Timed Investment

Once paid, some customers figure that they now have an insurance policy against future losses and will insist upon future settlements from the broker.

FORBES: Undisclosed Customer Settlement Checks Move Broker Into Regulatory Checkmate

Expect litigation, settlements and agreements to forego receipt of such future payments by the insurance brokers.

FORBES: The Next Insurance Scandal (May 2, 2005)