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Insurer Claims Standing To Sue In $40M Investment Loss Row

By Sean McLernon ( October 17, 2012, 3:48 PM EDT) -- Federal Insurance Co. told a California federal court on Tuesday that it has standing to sue investment consulting firm Wilshire Associates Inc. over allegedly imprudent advice that caused a $40 million investment loss, arguing that it is a subrogee of the Wilshire client that lost the money....

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