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Show Record Business Reported by Auto Insurance The nation's largest auto insurance in-surance company announced today that it now insures nearly near-ly 10 percent of U. S. passenger passen-ger cars and nearly 20 percent in Utah. Adlai H. Rust, board chairman chair-man of State Farm Mutual Automobile Insurance Company said his firm's policies cover 5,159,000 (or 9.9 percent) of the 52,500,000 passenger cars which the Automobile Manufacturers Manufac-turers Association estimates were in operation at year-end. The company has more than 5,500,000 policies in force here and in Canada. Local agent for State Farm is E. Mauray Payne. Rust's summary of State Farm Mutual's 1958 operations shows earned premiums for the year of $379,611,794, up 16.4 percent over the 1957 figure. This record premium total marks the seventeenth consecutive consecu-tive year that State Farm Mutual Mu-tual has led all other auto insurers, in-surers, Rust said, pointing out that the company's earned-pre-miums now top those of all other U. S. fire or casualty companies. |