The St. Paul Travelers Companies Inc. issued the following statement today after receiving a subpoena from New York Attorney General Eliot Spitzer’s office:
“As part of an ongoing, industry-wide investigation of insurance sales practices, the Office of the Attorney General of the State of New York has subpoenaed St. Paul Travelers, requesting documents and seeking information relating to the conduct of business between insurance brokers and St. Paul Travelers and its subsidiaries.
“Given the company’s size and position in the property casualty insurance industry, we do not believe it is surprising that St. Paul Travelers has been included among the companies asked to provide information. St. Paul Travelers will cooperate fully with the Attorney General’s requests for information.”
Was this article valuable?
Here are more articles you may enjoy.
Progressive Q4 Income Up 25%; CFO Sauerland to Retire in July 
Florida House Panel Approves Bill to Waive Permits on Work of Less Than $7,500 
Berkely Says It’s No Longer Pressured to Push for Rate ‘Across the Board’ 
Trump Orders Federal Takeover of LA Wildfire Rebuilding Efforts 
