Reply #127: The three largest insurers in Minnesota are "nonprofit"

[dflprincess]

none of their CEOs are living in 3 bedroom ramblers in an inner ring suburb or driving 5 year old Civics.

Their premium costs are right up there with the for profits.

Several years ago the AG's office went after them in audits and finding items like paying for condos for some executives and lavish spending on events for insurance brokers and reps.

How honest a non-profit insurer is really depends on how closely they're monitored and if the wrong person is in charge of the oversight, they'll get by with murder - literally.