State Farm is among property-casualty insurers pressured by rising costs on auto policies as smartphones distract drivers and repair costs climb.

The insurance industry has seen more than $5 billion of gains erased on state and local bonds after Donald Trumps victory in the presidential race, with AIG and Travelers among the hardest-hit companies.

American International Group Inc., the insurer thats been divesting assets to narrow its focus, agreed to sell ski operations at Vermonts Stowe Mountain to Vail Resorts Inc.

AIG posted its fourth loss in six quarters.