News Flash: Companies Don’t Want to Lose Money

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News Flash: Companies Don’t Want to Lose Money

Fri, 07/28/2023 - 13:09
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Jimmy Patronis, Florida’s “chief financial officer,” said that Farmers Insurance pulled out of Florida not because it was losing money there but because the company was “woke.” How that wokeness manifested itself, he does not say. The profit motive is apparently a very shocking concept to the state official tasked with overseeing Florida’s financial regulation. But if he does “get it,” this…

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