Saturday, July 7, 2012

State Farm's edge? It's private

For a while now, I've been wondering why State Farm seems immune to the troubles plaguing Allstate. After all, the nation's two biggest property-casualty insurers have a lot in common. Both were founded in the Midwest early in the last century. Both sell auto and homeowners' insurance to middle-class Americans through thousands of agents around the country. Both were slow to embrace direct sales...

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