Robert W. Hansen Jr. received his first education about the insurance industry at age 16.

While driving in Omaha, Neb., on his way home from an afterschool job, he got pulled over by the police and was issued a speeding ticket. After confessing the citation to his parents, his father, Robert Sr. — an insurance man — gave him the talk.

"Son, do you know what effect a speeding ticket has on our insurance rates?"

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