ACE Limited (NYSE:ACE) on Monday reported that it had received subpoenas from the Securities and Exchange Commission and the New York Attorney General requesting documents in connection with an investigation into non-traditional, or loss mitigation, insurance products.
ACE has not been named or referenced in any lawsuits stemming from the investigation. ACE reportedly intends to comply with the subpoena.
Topics Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Grandson Not Covered Under Grandma’s Home Insurance 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse 
