State Farm suffers worst car insurance losses ever
State Farm Insurance lost more money insuring cars last year than it ever has in its 95-year history. The Bloomington-based giant, by far the largest U.S. auto insurer, incurred $35.8 billion in claims and loss adjustment expenses. When combined with the costs of running its auto insurance business, State Farm lost $7 billion for the year in that segment. That was 63 percent higher than its $4.4 billion auto underwriting loss in 2015. State Farm's staggering auto insurance lo
