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December 08, 2004

Insurance Firms Subpoenaed in New Probe

New York and Connecticut state officials said they are investigating whether improper behavior by insurance companies has been a factor in the rapidly rising cost of malpractice insurance for lawyers and doctors.

New York Attorney General Eliot L. Spitzer and Connecticut Attorney General Richard Blumenthal have not filed charges, officials said. Over the past week, three insurers that cover lawyers -- the Hartford Financial Services Group Inc., American Financial Group Inc. and Arch Capital Group Ltd. -- have said they received subpoenas from Spitzer's office.

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Posted by Tom Troceen