Author Topic: Geico Enters Massachusetts Market  (Read 1867 times)

Parsad

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Geico Enters Massachusetts Market
« on: March 25, 2009, 01:13:13 PM »
GEICO has decided to enter the Massachusetts auto insurance market.  Cheers!

http://www.gurufocus.com/news.php?id=51765
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Mungerville

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Re: Geico Enters Massachusetts Market
« Reply #1 on: March 29, 2009, 06:06:13 PM »
People don't realize how massive an advantage it is for a great investor to be in control of a good P&C business in this market.  There will be no-brainers coming in size, they are coming in size, and that leverage will be put to use at very low risk with good to great returns.  Nobody can come ask for payment at maturity because there is none.  Furthermore, at Berkshire, the interest rate is clearly negative.