The Great Insurance Farce: A Purge, A Plunge, and a Parody of Progress

In a parchment filed with the Securities and Exchange Commission-a modern-day court of royal assent-Shaker revealed its complete liquidation of Progressive shares during the third quarter. This transaction, valued at $2.62 million (a sum calculated by averaging the quarter’s capricious prices), left the fund with naught but memories of its former 1.07% allocation. Verily, the insurer hath vanished from their ledger, as if struck by Prospero’s wand.







