Last week, I received a notice from a life insurance company. I’ve had a small policy with them since I was 18, purchased by my mother.
“Dear Policyholder,” it said, “we are pleased to share some new information concerning our company. [Our company] has been redomesticated from
Now what did that mean, I wondered? It sounded like a dog that had been a house pet and then had gone wild for a time and now was being “redomesticated” as a pet. No wonder they sent additional paper along with the notice – domesticating can be a messy business.
It turns out the company had moved its principal office from
Wouldn’t it have been simpler – and more understandable to the average consumer – to say, “We’ve moved our principal office to
Corporations move headquarters and other units like credit card and payment processing offices all the time, whenever less operating expenses resulting from lower labor, energy or tax costs can benefit their bottom line. Sometimes it was done to skirt existing regulations in seeking new markets. In
Recalling one of the biggest moves of that era, Citibank decided to relocate its credit card operation from
P.S. My know-it-all spell checker in Microsoft Word 2003 has never heard of “redomesticated” or any of its allied forms. Maybe I should have written this entry on my other computer that has Word 2007. Then again…