Show State Farm Ins Sells More Makes Less LessIn In an advance copy of the State Farm Insurance Company Company Com Com- pany year-end year report the news was a mixture of good and bad according to local agent Bill Jacobe According to the report the State Farm Mutual insured a million more cars at the end endor of or 1969 than it did at the start of the year The bad news was the company lost million doing it THE RAVAGES of inflation coupled with an alarming Increase increase in crease in the number cf accidents accidents ac ac- were the cause of the heavy heur losses stated Mated State Farm President Edward B B. B 1 Rust State Farm Mutual reported report report- ed earned premiums and membership membership mem memo fees Of tf up from in 1967 3 However it was hit bit with the e first billion dollar claim bill billin billin in its history paying history paying 1013 to settle settie claims in 1968 This was a jump from in 1967 |