State Farm sets auto cutbacks following $7bn loss

State Farm's auto segment plans to close offices in 11
locations around the US, displacing 4,200 workers as the mutual
giant reins in the operation following its $7bn underwriting loss
last year.
The carrier which serviced more than 81 million auto, fire, life
and health policies last year listed locations from California to
New Jersey that will be shut starting in 2018 and running into
2021. About 6 percent of its 70,000 employees will be affected.
Work will be transferred...