{"id":1660,"date":"2003-08-13T16:17:09","date_gmt":"2003-08-13T23:17:09","guid":{"rendered":"http:\/\/mossback.org\/archives\/2003\/08\/insurance-companies-on-board-with-arnie\/"},"modified":"2003-08-13T16:17:09","modified_gmt":"2003-08-13T23:17:09","slug":"insurance-companies-on-board-with-arnie","status":"publish","type":"post","link":"https:\/\/bennett.com\/blog\/2003\/08\/13\/insurance-companies-on-board-with-arnie\/","title":{"rendered":"Insurance companies on board with Arnie"},"content":{"rendered":"

\t\t\t\tIn my overview of Cal politics<\/a>, I mentioned that battles between trial lawyers and insurance companies are behind a lot of what goes on in California. To add a little detail, trial lawyers are a Democratic Party constituency, while insurance companies back Republicans. Given that context, it’s easy to understand why Warren Buffett has signed-on with the Arnie campaign. Buffett’s investment vehicle, Berkshire Hathaway,<\/a> is heavily invested in insurance companies:<\/p>\n

\n

Berkshire, which earns about half its profit from insurance companies including General Reinsurance Co., National Indemnity Co. and Geico Corp., has benefited from the highest premiums in almost a decade and few losses from natural catastrophes. <\/p><\/blockquote>\n

So don’t be too worried about Buffett’s desire to eat the rich; this move is simply a reach-out to the business base of the Republican Party.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

In my overview of Cal politics, I mentioned that battles between trial lawyers and insurance companies are behind a lot of what goes on in California. To add a little detail, trial lawyers are a Democratic Party constituency, while insurance companies back Republicans. Given that context, it’s easy to understand why Warren Buffett has signed-on … Continue reading “Insurance companies on board with Arnie”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-1660","post","type-post","status-publish","format-standard","hentry","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbifyw-qM","_links":{"self":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/1660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/comments?post=1660"}],"version-history":[{"count":0,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/posts\/1660\/revisions"}],"wp:attachment":[{"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/media?parent=1660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/categories?post=1660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bennett.com\/blog\/wp-json\/wp\/v2\/tags?post=1660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}