NU Online News Service, June 7, 2:54 p.m. EDT
State Farm is in a strong reserve position, which may restrain the company from seeking aggressive rate increases, but two industry observers were at odds on the overall impact that may have on personal-lines rate increases in general.
In an analyst's note, Stifel Nicolaus says the Bloomington, Ill.-based insurer has $30.9 billion in stated statutory loss reserves, a figure calculated by the analyst based on data from the National Association of Insurance Commissioners released through SNL Financial.
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