Word: italic
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Dates: during 1970-1979
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...agency (1969 billings: $740 million). In what President Dan Seymour calls "a financial investment," the agency in 1965 bought an insurance company, Puerto Rican-American, which specializes in auto coverage. Having paid $5,000,000 for 84% of the insurance firm's stock, Thompson replenished its working cap ital by borrowing $5,000,000 from another insurance company-at a low 51% interest rate. This year Puerto Rican-American is earning $1,000,000 on premiums of $14 million...