New York-based Financial Guaranty Insurance Company (FGIC) revealed today that the New York State Department of Financial Services (NYSDFS) has given the green light for an increase in the cash payment percentage of permitted policy claims required to be paid under the First Amended Plan of Rehabilitation for FGIC. The CPP has been upped from 64.50% to 66.00%, as per the terms set on June 4, 2013. This change will come into effect on December __, marking a positive development for the company and its stakeholders.