Re: Insurance Companies not necessarily greedy WAS Re: GEICO's opposition to 65 mph (was Re: recommendations for auto/home insur...

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Article #55218

#55218

From: Bryan Smith
Date: Tue, 31 Mar 1992 16:14

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ssnyder@sunai.er.usgs.gov (Steve Snyder) writes:

>I just received a rebate on my car insurance from State Farm for "...fewer
>claims during the last reporting period..." or words to that effect. The
>rebate amounted to almost 10% of my annual premium. I'm not complaining.
>So I guess some insurance companies (or at least State Farm) do care
>about their customers.

State Farm is a "Mutual" insurance company meaning that you as a policy holder
are (sort of) a part owner.  I'm not sure about this but if they didn't provide
"refunds" they would have to pay taxes on this extra money.

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<1992Mar26.151808.8197@alw.nih.gov> <1992Mar30.152158.1220@eng.umd.edu> <1992Mar30.105342@thuja.gsfc.nasa.gov> <1992Mar30.172132.27817@rsg1.er.usgs.gov>

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Path: arc1-ca.pugleaf.net!sparky!uunet!psinntp!npri6!bryan
From: bryan@npri6.npri.com (Bryan Smith)
Newsgroups: dc.general
Subject: Re: Insurance Companies not necessarily greedy WAS Re: GEICO's opposition to 65 mph (was Re: recommendations for auto/home insurance?)
Message-ID: <5248@npri6.npri.com>
Date: 31 Mar 92 16:14:30 GMT
References: <1992Mar26.151808.8197@alw.nih.gov> <1992Mar30.152158.1220@eng.umd.edu> <1992Mar30.105342@thuja.gsfc.nasa.gov> <1992Mar30.172132.27817@rsg1.er.usgs.gov>
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