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Outside industries retreat from the business of insurance

Large companies, especially those that are publicly traded, have a different perspective on risk and profit than the typical insurer.

By Karen Furtado | Updated on March 07, 2016
New players disrupt the business of insurance and to create something new in a niche that the industry had not perceived. (Photo: Thinkstock)

Cargill, Monsanto, Wells Fargo, and John Deere are officially out of the crop insurance business, according to a recent article from Bloomberg.

Large companies such as these expanded into different aspects of the agriculture industry over the past few years, and their debut in the insurance industry made quite an impact. With their newly acquired insurance operations, they were the market players to watch — and now we’re watching them leave the industry.

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