Berkshire Hathaway Inc. said the government inquiries into accounting at its insurance units are part of an investigation that began in January, and not a new probe.
The company officially disclosed inquiries from the Securities and Exchange Commission and New York Attorney General Eliot Spitzer's office in a regulatory filing last week. Berkshire, run by billionaire Warren Buffett, is a holding company for a variety of businesses, including property and casualty insurance lines. In January, the SEC and Spitzer subpoenaed Berkshire's General Re and National Indemnity Co. units as part of an industry-wide investigation of reinsurance products.
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