Progressive to Pay $48M to New York Drivers Over Underpaid Total Loss Claims July 5, 2024 By Andrew G. Simpson Progressive Insurance has agreed to a $48 million settlement with a class of 93,000 New York policyholders who claim the...
GEICO Tops Progressive With Higher J.D. Power Scores June 26, 2024 By Susanne Sclafane Although Berkshire Hathaway’s Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to...
Severe Storms Caused $722M in Catastrophe Losses in May: Progressive June 17, 2024 Progressive on Friday said severe storms mostly in Texas and the Midwest caused about $722 million in net catastrophe losses...
Progressive Set to ‘Maximize’ Growth, Building on Q1 May 9, 2024 By Susanne Sclafane When Progressive’s chief executive officer weighed the words that should go into the management discussion section of the company’s first-quarter...
Progressive Gains as Drivers Shop Around for Auto Insurance—Again April 22, 2024 Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices...
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...