Austbrokers faces new threat

This commercial insurance broker looks increasingly like a sitting duck – and Warren Buffett is holding the shotgun.

Corporate disasters usually stem from many small problems conspiring to cause one very big one. A dip in sales, distracted management, a little too much debt; for want of a nail, the kingdom was lost. Austbrokers, however, is threatened by the opposite principle: one enormous problem that will cause many other enormous problems. Warren Buffett wants to put the company out of business. 

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