Re: Pearls Before Swine: Talking Technical with Young People

Jay Morris  <morrisj@epsilon3.me> wrote:

On 1/7/2025 8:51 AM, Scott Lurndal wrote:

State Farm used to send me a dividend check every year when they
returned excess annual auto premium dollars.

I do not think they do this anymore as they are not structurally the
same company they were a few decades ago and they are now responsible
to shareholders who want to see short-term gains.

USAA does that when reserves exceed a certain amount, so it's not every
year. They're a mutual insurance company. I also get a senior bonus
cause I've been a member so long.

USAA is one of the very last of the insurance companies structured that
way and they deserve commendation for actually serving customers.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."