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SEC Probes St. Paul-Travelers Merger

By Marius Meland ( May 9, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission is investigating how St. Paul Travelers Cos. Inc. accounted for a $1.63 billion increase in claim reserves following the April 2004 merger between St. Paul Cos. and Travelers Property Casualty Corp....

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