State Farm is a mutual insurance company [1] - all the "profits" are sent back to the policyholders as rebate checks. Of course, that also means that they don'

State Farm is a mutual insurance company [1] - all the "profits" are sent back to the policyholders as rebate checks. Of course, that also means that they don't have unlimited pools of money to pay out claims during big disasters. [1] https://en.wikipedia.org/wiki/Mutual_insurance https://en.wikipedia.org/wiki/Mutual_insurance