State Farm reports losses due to weather-related catastrophes

State Farm, one of the nation’s largest insurance companies has released information regarding the cost of a number of weather-related catastrophes that have caused widespread damage this year. These disasters, coming in the form of floods, hurricanes and earthquakes, have taken a heavy toll on the insurance industry as a whole. Earlier in the year, State Farm attempted to mitigate the damage caused by an outbreak of tornados and hail storms that swept through the Eastern U.S. This past summer brought more trouble, however, with wildfires in Texas and tropical…

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