Destination Progressive… or One of These Other Carriers February 29, 2024 By Susanne Sclafane Commissions are more certain than insurance losses. Those were not exactly the words that a Progressive executive used when he...
Michigan Appeals Court: Parents Can Elect Lower Auto Insurance Limits for Minor Drivers January 10, 2024 By Ezra Amacher The Michigan Court of Appeals ruled last week that state law permits the parent of a minor to elect lower...
Progressive Q3 Earnings Skyrocket as Combined Ratio Gets Closer to Goal October 16, 2023 By Chad Hemenway Progressive Corp. posted significant improvement in third quarter earnings late last week – with net income of $1.12 billion compared...
Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch August 18, 2023 By Susanne Sclafane Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers,...
Texas Auto, Homeowners Premiums Grew Double Digits in 2022, Report Shows April 4, 2023 By Ezra Amacher The Texas market for auto and homeowners insurance grew double digits in 2022, according to an annual report put out...
Tesla, Insurers Address Expensive Repairs in Sharply Different Ways January 27, 2023 By Paul Lienert Tesla Inc.’s electric vehicles are expensive to repair – so much so that the automaker and insurers are addressing the...
Progressive Lowers Loss Estimate From Hurricane Ian By $400M December 22, 2022 The Progressive Corp. said Dec. 21 that its loss and allocated loss adjustment expenses (ALAE) in the property business are...
Washington AG Investigating ‘Possible Discrimination’ for Insurers Using Credit Scores November 9, 2022 Attorney General Bob Ferguson announced that a Thurston County Superior Court judge rejected an attempt by PEMCO Mutual Insurance Company...
Progressive Easing Up on Rate Hikes; Flo Coming Back to a State Near You November 3, 2022 By Susanne Sclafane Progressive’s Flo won’t reappear on TV screens in every state, but the insurer she pitches for is comfortable pursuing business...
Progressive Loses A Bundle: Nearly $2.0B Gross Ian Losses; $760M Net October 13, 2022 Insurer Progressive incurred nearly $2.0 billion in gross loss and loss adjustment expenses for vehicle and property claims related to...