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Agreement is Part of Ongoing Effort to Restore Competition in Insurance Industry
Attorney General Spitzer and State Insurance Superintendent Howard Mills today announced an agreement with ACE, Ltd, a Bermuda-based holding company that trades on the New York Stock Exchange, and its United States subsidiaries to resolve allegations of bid-rigging and improper "finite reinsurance" transactions.
Connecticut Attorney General Richard Blumenthal and Illinois Attorney General Lisa Madigan also joined in today's settlement.
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