State Farm suffers worst car insurance losses ever

Posted online March 2, 2017 | 12:17 pm

In 2016, State Farm Insurance lost more money insuring cars than it ever has in its 95-year history.

In total, the losses came to $7 billion.

The latest amount was 63 percent higher than $4.4 billion in auto underwriting losses in 2015.

Read more from Crain's Chicago Business.

[[In-content Ad]]

Comments

No comments on this story |

Please log in to add your comment

Least of These executive director exits

Editors' Pick

Open for Business: EarthWise Pet

The first southwest Missouri location of EarthWise Pet, a national chain of pet supply stores, opened; Grey Oak Investments LLC relocated; and Hot Bowl by Everyday Thai LLC got its start.

Most Read