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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Eggolas Moria who wrote (53153)	3/23/1999 3:26:00 PM
From: Michael Bakunin	Respond to of 132070

If you mean, they are high, yes, even post-Prop 103 (which meant to reduce them), they are high. I have a nice old '60s Volvo I might drive occasionally for fun, but I let it sit, since even minimum liability insurance will set me back several hundred, and I don't relish spending $50 a pop to insure the occasional joyride.

To: Eggolas Moria who wrote (53153)	3/23/1999 3:30:00 PM
From: Freedom Fighter	Respond to of 132070

Gary, >Auto rates are a problem in CA, correct?< The competition appears to really be heating up. MCY is pretty competitive on price though and it's sort of tough to get customers to switch companies. Renewals are very high in the industry. I'm not really sure who out in California is the biggest threat. I know Geico is getting very aggressive in other parts of the country. As a long time BRK/A shareholder I can think of worse things for me though. I just like MCY because it's been a consistently high ROE company, the price is reasonable, the industry appears to be consolidating, and it generates underwriting profits most of time. In this environment it's the best I can do. I have few/no "long" ideas. Wayne