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Non-Tech : Berkshire Hathaway Class B
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To: zyx1996 who wrote (1362)2/15/2000 6:00:00 AM
From: Duker  Read Replies (1) of 1652
 
Typical:

Here is the headline from an iWSJ article today. Wouldn't you think that any article with this title would mention GEICO? No. Not once. They mention PGR (also a fine company ... one of GEICO's 'silver bullet' targets) at the very end.


Major Automobile Insurers
Warm Up to Internet Sales

February 15, 2000

By DEBORAH LOHSE
Staff Reporter of THE WALL STREET JOURNAL

... "Eighty percent of premiums go to claims," says Alan Bauer, who runs Internet operations for Progressive Corp., one of the nation's biggest car insurers. Claims adjusters "look at wrecked cars, talk to attorneys, go to hospitals. The acquisition side ... is really a minor piece of the whole puzzle."



[I included the PGR quote because it was the only lucid statement in the article.]

--Duker
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