Financial Times FT.com

SEC widens insurance probe

By Dan Roberts in New York

Published: December 30 2004 18:47 | Last updated: December 30 2004 18:47

Berkshire Hathaway, the US conglomerate run by Warren Buffett, has been caught up in a widening investigation into alleged misuse of insurance products to manipulate company earnings.

Regulators at the Securities and Exchange Commission have requested documents and other information from General Re, Berkshire's reinsurance subsidiary, relating to the sale of so-called ?loss-mitigation?products.

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