AARP CEO parses on insurance business 

Barry Rand, the chief executive officer of AARP, on Friday tried to parse the group’s involvement in the lucrative insurance business.

“We are not an insurance company,” Rand repeatedly emphasized.

While it is true that the group does not directly insure individuals, Rand was really making a distinction without difference, since in reality the group rakes in hundreds of millions of dollars each year from allowing private insurers to issue policies using AARP’s brand.

Nonetheless, Rand insisted that even so, the money the group earns from letting insurers borrow its brand name is then used to promote its “mission” to promote “social good.”

About The Author

Staff Report

Staff Report

A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It

More by Staff Report

Latest in Business & Real Estate

Friday, Oct 19, 2018


Most Popular Stories

© 2018 The San Francisco Examiner

Website powered by Foundation