site banner

Small-Scale Question Sunday for December 8, 2024

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

1
Jump in the discussion.

No email address required.

Mutual insurance already exists! Some of the biggest insurance companies of today started as mutuals, I think Liberty still is one.

I am immediately suspicious. Because if so why do they have so many ads? If they're not profit-driven, that seems negative sum.

The incentives facing executives at for-profits and executives at commercially managed non-profits (including large mutuals, and also fee-charging charities like university hospital systems) are more similar than they probably should be given the difference in mission.

Wouldn’t having a large userbase be useful for smoothing out the statistics? As Norman mentions above.

In the United States, Liberty Mutual remains a mutual company in which policyholders holding contracts for insurance are considered shareholders in the company. However, Liberty Mutual Group's brand usually operates as a separate entity outside the United States, where a subsidiary is often created in countries where legally recognized mutual-company benefits cannot be enjoyed.

So it’s also possible brand awareness in America is intended to fuel operations outside of the mutual umbrella.