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Allstate, BofA Close Out Parmalat Securities Spat

By Hilary Russ ( August 26, 2010, 4:14 PM EDT) -- Allstate Life Insurance Co. has become the latest insurer to settle its claims against Parmalat SpA underwriter Bank of America Corp., which allegedly caused several insurance companies to lose millions of dollars by hiding the financial state of the Italian dairy giant before its 2003 collapse....

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