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twitterGrand jury probing contract
Thursday, Oct. 21, 2004 | 9:12 a.m.
American International Group Inc., the world's largest insurer, disclosed its fourth regulatory probe in the past month, saying a federal grand jury is investigating an insurance policy sold to a telephone company.
The company, also a target in New York Attorney General Eliot Spitzer's examination of incentive payments between insurers and brokers, said the investigation by a grand jury in Indiana stems from a Securities and Exchange Commission inquiry last year into a policy with phone distributor Brightpoint Inc.
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