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Aren't car-insurances sort of co-op's? Atleast I've read verbiage in my California car insurance policy from Farmer's that indicates that the insurance policy i
by grok2 9y ago
Aren't car-insurances sort of co-op's? Atleast I've read verbiage in my California car insurance policy from Farmer's that indicates that the insurance policy is really owned by the pool of users taking insurance and Farmer's is just a manager taking a government controlled percentage for their operating costs + profit.
- akharris 9y agoIn your case, that's true. Farmers is a reciprocal, meaning that the policyholders own it. Not all car insurance companies work this way.
- occamrazor 9y agoI believe that Farmers is owned by Zurich Insurance.