Warren Buffett, Chairman and CEO of Berkshire Hathaway that owned Applied Underwriters. Warren Buffett, Chairman and CEO of Berkshire Hathaway that owned Applied Underwriters. Photo: Nati Harnik/AP

Applied Underwriters, a workers' compensation insurer, was fined $3 million by the state Department of Financial Services on Thursday for bundling side agreements with its products that forced small businesses to pay more than under similar workers' compensation plans.

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