Progressive CEO: Personal Auto Conditions Improved in Third Quarter

Florida and auto no fault coverage

Personal automobile insurance claims severity slowed in the third quarter as higher rates continued to lift premiums and unfavorable development and inflation abated, Progressive Corp. President and Chief Executive Officer Tricia Griffith said during a third-quarter earnings call.

Progressive Acquires Protective Insurance

Progressive to sell office space

The Progressive Corporation today announced that it has successfully completed the acquisition of Protective Insurance Corporation. Under the terms of the merger agreement, holders of Class A and Class B common shares of Protective will receive $23.30 per share in cash, without interest, for a total transaction value of approximately $338 million. The acquisition was… Continue reading Progressive Acquires Protective Insurance

StreamLoan Works with Progressive to Integrate Home Insurance Quoting into Digital Mortgage Process

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Working with mobile-first digital mortgage software company StreamLoan, Progressive is able to meet homebuyers in the digital mortgage process and use information they’ve already entered to serve up homeowners’ insurance quotes with only one click. “Ease, mobility and speed are what customers expect,” said Progressive’s Business Leader of Direct Quoting Tammy Loucks. “Offering homeowners quotes… Continue reading StreamLoan Works with Progressive to Integrate Home Insurance Quoting into Digital Mortgage Process