The St. Paul Travelers Companies and ACE Limited revealed todaythey received subpoenas from federal prosecutors investigating theuse of finite risk products.
Both St. Paul Travelers and ACE stated that they were subpoenaedby the United States Attorney for the Southern District of New Yorkin Manhattan as part of an investigation into the use of finiterisk insurance and related products.
Investigators have been looking into suspected improperaccounting of the products by companies seeking to present amisleading financial picture.
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