Midwest storms pile pressure on insurers

Similar pressures are visible across neighboring states. South Dakota’s market is led by State Farm, American Family, Farmers, Auto-Owners, and Nationwide, which together wrote more than half of the homeowners business in 2024. In Minnesota, State Farm, American Family, Auto-Owners, Farmers, and Liberty Mutual make up the top five carriers, all with significant exposure to August’s storms, according to the report.

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