Four subsidiaries of Progressive Corp. have agreed to a nearly $14 million class action settlement to resolve allegations that they underpaid New York policyholders on total loss vehicle claims.
Tag: Progressive
Progressive Home to Discontinue Dwelling Fire (DP-3) Line of Business for Non-Primary Residences and Rental Property Owners
Progressive Home announced its decision to discontinue offering the Dwelling Fire line (DP-3) of business.
Progressive to Sell Office Buildings as Shift to Remote Work Cuts Need for Space
Progressive Corp. intends to list several of its office buildings across the United States for sale as it consolidates office buildings amid a changing work environment, a company spokesman said.
Progressive’s Profit Beats Expectations on Strong Demand for Insurance Policies
Insurer Progressive Corp reported a better-than expected first-quarter profit on Friday, helped by strong demand for its personal and property insurance policies, sending its shares up 2% in early trading.
Progressive’s Q3 Earnings Beat Estimates, Premiums Rise Y/Y
The Progressive Corporation’s third-quarter 2023 earnings per share of $2.09 beat the Zacks Consensus Estimate of $1.71. The bottom line improved more than fourfold year over year.
More Inflation, Less Flo, Can Be Winning Combo for Progressive
One of the fastest rising inputs in the consumer-price index released this week was the cost of auto repair. Also rising? The cost of auto insurance.
Inflation Pressures, Mounting Accidents, Flooding From Ian Hit Allstate, Other Insurers
The nation’s largest auto insurers, already struggling with high inflation and mounting accidents, are now facing losses from vehicles flooded by Hurricane Ian. Allstate Corp. announced Wednesday that it would take a $875 million charge to boost its claims reserves in its upcoming third-quarter earnings, primarily related to its auto-insurance business, as a result of… Continue reading Inflation Pressures, Mounting Accidents, Flooding From Ian Hit Allstate, Other Insurers
Progressive® Launches New Online Quoting Platform for Small Business Owners
Progressive, a leader in the insurance industry, introduces BusinessQuote Explorer® (BQX), a new, easy-to-use online quoting platform established to help small business owners get accurate insurance quotes tailored to their unique business needs. By simply entering information through the online platform, users will gain access to multiple business insurance quotes in an average of 11… Continue reading Progressive® Launches New Online Quoting Platform for Small Business Owners