The subpoena police have been knocking on Ace's US double doors, reports said today.
According to reports, Ace has received 43 subpoenas, interrogatories, civil investigative demands and letters of inquiry in relation to the investigations of insurance industry practices.
In its annual report filed with the US Securities and Exchange Commission, Ace said nine attorney generals had launched inquiries along with the District of Columbia, and from insurance or other regulatory authorities in 10 states.
Ace reportedly is continuing an internal probe into insurance practices, involving matters raised by the SEC, New York attorney general Eliot Spitzer.
Spitzer and the SEC have reportedly submitted subpoenas to Ace for information about non-traditional or loss mitigation insurance products that could be used to help companies smooth earnings.
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