Indiana Republicans Vote to Privatize State Farm

Indiana House Speaker Brian C. Bosma, R-Indianapolis, along with other House Republican legislators, hailed the passage of a bill to privatize giant State Farm Insurance.

“This is yet another victory in our campaign to create jobs,” Bosma said.

The measure passed the House, 60 to 40 along party lines. It previously passed the state Senate 30 to 20.

House Democratic leader Patrick Bauer, D-South Bend, said his party opposed the bill because State Farm, already a private company, is located in Illinois.

Gov. Mitch Daniels has vowed to sign the bill into law.