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AIG head under investigation claims report

Federal and state investigators are looking into a deal between American International Group (AIG) and Berkshire Hathaway's General Reinsurance unit in part because of the alleged involvement of AIG's chairman and chief executive, according to the Wall Street Journal.

The paper, quoting unnamed "people familiar with the matter," said the deal involved nontraditional insurance, which authorities allege may have been used to manipulate financial reports.

The Journal

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