03/06/23: Insurance giants deep in the red

Crain’s reporter Steve Daniels talks with host Amy Guth about the financial outlook for local insurance groups, specifically how State Farm posted a record $6.7 billion loss as inflation took a toll and how red ink threatens Allstate's stock-buyback plans. Plus: What’s shaping up to potentially be the most divisive mayor's race in years is being fueled by both unions and executive donors, Walgreens won’t sell abortion pills in 20 states after warning, developers unveil plans to turn LaSalle Street offices into apartments and Chicago lands $250 million from the Chan Zuckerberg Initiative for a biotech research hub.