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Strategies & Market Trends : Value Investing
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To: Shane M who wrote (44301)9/13/2011 2:02:34 AM
From: Spekulatius  Read Replies (1) of 78602
 
re PGR -
>>it could be Progressive coming out from there, but their business model seems more fragile imho.<<

I wonder why you consider PGR business model as fragile - it's the same as Geico's - directly sold cheap car insurance. The problem with both Geico and PGR insurance business is that they don't offer a package,of car/property/umbrella insurance that other insurance companies do. With the discounts, the bundle is often cheaper than obtaining the coverage with direct insurers and much less hassle, imo.

I wonder why WEB has not bought a property insurance company yet, or let Geico offer property insurance. They do broker property insurance but that is not a coherent product for the customer.

What makes the property insurance tough is the shrinking pie due to lower RE prices and many houses in foreclosure which may not be insured for a while.
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