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New York Ends Probe of AIG Unit

An investigation of an American International Group subsidiary concerning a questionable charge for terrorism protection has been concluded without a finding of illegality, the New York Insurance regulator said last week.

In July, the New York Insurance Department had issued a statement that it later backtracked from. The original statement said that AIGs New Hampshire Insurance Company, as a result of an investigation, had returned $500,000 in “illegal” premium charges for terrorism protection.

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