Finite risk probe forces Ace into earnings restatement
Insurer Ace is restating its financial results for the years 2000 through 2004, as well as its results for each of the quarters in the years 2003 and 2004, and forthe first quarter of 2005.
Ace said the primary purpose of the restatement isto correct the accounting treatment for eight transactions in the "non-traditional products" or "finite risk" category.It said the decision was based
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