By: William Forbes
Take a read of this recent article published by Crain's Chicago Business, titled, "State Farm suffers worst car insurance losses ever."
The article touches on a trend we are seeing across the insurance industry. Reported claims are on the rise, and this results in higher insurance rates for all of us. In addition, the article makes a good point that State Farm's losses are a clear sign of how distracted driving is impacting insurance companies.
Erie stands out as one of the few companies that's been able to keep its rates level over the years.