(Bloomberg) -- U.K. insurers had another $4.2 billion wiped off their market value today as regulators said they plan a probe into policies stretching back to the 1970s, the second government threat to earnings in as many weeks.
The Financial Conduct Authority will publish a plan of its priorities for this year on March 31 that will include an examination of how customers in the life-insurance market have been treated, the London-based regulator said in a statement.
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