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Calif. Regulator Blocks PacifiCare Dividend

By Jacqueline Bell (December 13, 2010, 7:01 PM EST) -- The California insurance commissioner has issued an order blocking PacifiCare Life & Health Insurance Co. from paying a $120 million dividend to its parent company, UnitedHealth Group Inc., saying that PacifiCare must reserve the funds to pay any penalties that may come from an ongoing enforcement action....

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