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ENTITY
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🎵Wisdom Density:
Moderate
🧭6 concepts
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Cornhusker Casualty Company
Cornhusker Casualty Company was formed in early 1970 as a 100% owned subsidiary of National Indemnity Company.
📝 The "Home-State" Concept
- Strategy: The company was created to write standard insurance business through Nebraska agents only.
- Goal: To combine the "big-company capability" of National Indemnity with the "small-company accessibility" of a local carrier.
- Results: It was off to a "strong start" in its first year, leading Buffett to envision extending the "home-state" approach to other regions.
🔗 Connections
- Source: 1970 Letter
- Parent: National Indemnity Company
- Concept: Home-State Insurance
📚 Historical Mentions & Citations (2)
Click a reference document below to expand and read the exact paragraph(s) containing this concept in the archive.
📜1970 LetterReference Only▼
1970 LetterReference Only
Mentioned in this document.
📜1972 LetterReference Only▼
1972 LetterReference Only
Mentioned in this document.