GEICO is owned by the billionaire Warren Buffett, a big supporter of Barack Obama.
and buffet loves “insurance companies,” they provide him with huge amounts of cash-flow and known risks.
And they even occasionally get the Federal Government, to force everyone to buy their products and use the IRS to enforce it, at the barrel of gun.
(let us not all forget... the SCOTUS ACA decision still stands, Trump can choose to not enforce one tiny bit of it, but it’s still a precedent setting decision, and we haven’t seen the last of it. The Feds still control “healthcare,’ make no mistake.)