St. Paul Travelers Acknowledges Receipt of Subpoena on Loss Mitigation Insurance Products

The St. Paul Travelers Companies, Inc. has issued the following bulletin:
“In connection with a widely reported, industry-wide investigation, St. Paul Travelers has received a subpoena from the Office of the Attorney General for the State of New York for documents relating to the offer or sale of “non-traditional”, or loss mitigation, insurance products.”

“St. Paul Travelers expects a similar request from the Securities and Exchange Commission and may receive similar requests from other governmental or regulatory authorities. St. Paul Travelers will cooperate fully with all such requests.”

Topics Profit Loss