Word: chervenak
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Service Fire President Emil Chervenak (whose company last year paid parent C.I.T. $4,000,000 in dividends on its $2,000,000 capitalization) tried to smooth things over. "We hadn't realized we were so far off and are correcting it," he apologized. "This is a tremendous job because we are a policy factory, and as a result of this we are buried under tons of paper. Our financial competitors are still not doing it." But last week in New York and Oklahoma, the insurance commissions were quietly investigating to see whether their motorists were still being overcharged...
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