On 7/14/2011 10:12 PM, Tom Horne wrote:

State Farm Insurance is not the "highest priced company in the
world." They do have the highest rate of payout on premiums. So
maybe that is what you were referring to. That means that they spend
more of each premium dollar to cover the losses of their insureds than
any other company in the nation. State Farm is a Mutual Insurer.
That means that it is operated for the benefit of it's insureds. It
is structured as a mutual benefit association. So unlike a Stock
Insurer they do not have to put the interests of their stock holders
first as is required of Stock Insurers by settled law in the Henry
Ford VS the Dodge Brothers case. My only relationship to State Farm
is that of a satisfied member insured.
--
Tom Horne

Cool, thanks for the explanation. Do you have K&T wiring?

LMAO!




--
Steve Barker
remove the "not" from my address to email