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Registered
Join Date: Jan 2002
Location: Nor California & Pac NW
Posts: 24,769
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State Farm has lost something like $10BN a year for the last few years (from memory, not exact). It desperately needs to raise revenue and lower risk. It is a huge insurer for personal lines (#1 homeowners insurer in CA). As a mutual company (not a publicly traded stock) it doesn’t have as many ways to raise capital as other insurers.
My auto and home are with State Farm, so I’ve been paying attention to its situation.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211
What? Uh . . . “he” and “him”?
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