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St. Paul Travelers Cos. Inc.

The St. Paul Travelers Companies, Inc. was under investigation regarding its producer compensation, insurance placement practices and "non-traditional" insurance products. The company has settled regulatory charges and awarded $42 million to The Attorneys General of New York, Connecticut and Illinois and the New York State Dept. of Insurance. The company agreed to pay $37 million into a fund for certain excess casualty policyholders and pay $40 million in fines. (Aug-01-06) [REUTERS]


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Published on Aug-1-06


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