I have a story: a few years ago, the US had a nasty hurricane called Katrina. This hurricane directly hit New Orleans, and other cities. After this time, all insurance companies pulled all operations out... With exception of one. This company, once called Government Employee Insurance Company, realized that they could raise rates by 400% and be the only one willing to sell.
I have a story: a few years ago, the US had a nasty hurricane called Katrina. This hurricane directly hit New Orleans, and other cities. After this time, all insurance companies pulled all operations out... With exception of one. This company, once called Government Employee Insurance Company, realized that they could raise rates by 400% and be the only one willing to sell.
The company is Geico, run by Berkshire Hathaway.