
Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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The Importance of Insurance in a Crisis Situation
Geico had Started in new Jersey and had a lot of uh, they've been in jersey for a while. A quarter of all their involuntary Policies there assigned policies were from New Jersey. So it's state by state, which means that the Regulation is different in each state. It also means that things like the pot that the um, you know public policy That this idea that you might have some states where you have no assigned risks to you And then other ones where it's a lot less profitable to write in that state so they could be losing a lot of money in New Jersey at the same time as profitably growing somewhere else.
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