auto insurance company News

State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 billion in 2015, when results included one-time gains in the …

The City Council has approved a contract for a firm to study whether it’s feasible for Detroit to create its own city-sponsored auto insurance company. Mayor Mike Duggan’s office says the $75,000 contract for Pinnacle Actuarial Resources was passed 8-0 …