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EU Watchdog Says Some Insurers May Face Bank Treatment

By Bibeka Shrestha (November 21, 2012, 4:00 PM EST) -- The European Union's insurance supervisor warned Wednesday that insurers that branch into riskier noninsurance activities can expect those divisions of their business to be regulated as if they were banks, and also announced that some aspects of Solvency II could be phased in before 2016....

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