Catastrophes push State Farm to $6.5bn underwriting loss
America’s largest insurer State Farm booked a $6.5bn underwriting loss on premium earned in 2017 as last year’s hurricanes and wildfires in the US took their toll on the group’s bottom line.
America’s largest insurer State Farm booked a $6.5bn underwriting loss on premium earned in 2017 as last year’s hurricanes and wildfires in the US took their toll on the group’s bottom line.