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Farmers Chairman to Retire in March

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From a Times staff writer

Farmers Insurance Group Chairman and Chief Executive Martin D. Feinstein, 56, said he would retire in March after 34 years with the Los Angeles-based company.

He will be succeeded by Paul N. Hopkins, 48, company president since early 2004. Hopkins has been with Farmers for 26 years, starting as an agent.

A company spokesman said Feinstein had a longtime goal to retire by age 55.

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