True, although if you're the only one correctly pricing risk and your competitor... | Hacker News

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		cjrp on Aug 30, 2023 \| parent \| context \| favorite \| on: Farmers Insurance Laying Off 11% of Workforce, Cit... True, although if you're the only one correctly pricing risk and your competitors are all cheaper then you'll be out of business anyway.

pc86 on Aug 30, 2023 | [–]

Or you can just stop offering your product in markets where your competitors are priced too cheaply, like Farmers just did.

sokoloff on Aug 30, 2023 | [–]

It seems that Farmer's has determined that's the situation they find themselves in in Florida, and logically conclude that the only winning move is to not play.

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