FBI Entering Insurance Probe
NU Online News Service, May 5, 10:00 a.m. EDT--Prompted by the probe into insurance industry practices and accounting by New York Attorney General Eliot Spitzer, the Federal Bureau of Investigation has begun its own investigation of the industry, according to an FBI spokesman.
At the same time, the FBI spokesman in Washington, D.C., said it would be inappropriate to say that New York-based insurer American International Group--the current focus of Mr. Spitzer's office, the New York Insurance Department and the SEC--is the target of an FBI inquiry.
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