Fitch Ratings says premium increases and moderating claims severity benefiting auto insurance companies. The improving, more favorable mid-year 2024 results of U.S. personal auto insurers are likely to continue through the end of 2024 and into 2025, Fitch Ratings says. Several rounds of material price increases and a moderation of claims severity trends has vastly […]
Progressive Personal Auto Policies in Force Up Over 10% in October Compared to Last Year
Total personal auto policies in force were down month-over-month. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,479,600 in October, down 39,000 or 0.2% from 19,518,600 in September. October’s policies in force represent an increase of nearly 1.8 million or 10.2 % from 17,680,400 in October 2022. While up […]
Michael Sieger Joins Crash Champions Board of Directors
Former Progressive claims president to support national collision repair facility operator’s strategic growth. Crash Champions, LLC announced today the appointment of Michael Sieger to its Board of Directors. Sieger joins Crash Champions following a three-decade career at The Progressive Corporation (NYSE: PGR) where he most recently served as Claims President from 2015 until his retirement […]
Progressive Reports Personal Auto Policies in Force Down Month-Over-Month in August
Total personal auto policies in force remain up over 13% from last year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,527,800 in August, down 0.6% from 19,642,900 in July. August’s policies in force represent an increase of 12.6% from 17,336,300 in August 2022. Growth appears to have slowed […]
Progressive Reports Personal Auto Policies in Force Down Slightly for Second Month in a Row
Total personal auto policies in force remain up over 14% from last year. The Progressive Corporation (NYSE:PGR) reported its total personal auto insurance policies in force were 19,642,900 in July. July’s policies in force represent an increase of 14.0% from 17,233,900 in July 2022, but down 0.08% from 19,658,300 in June. Growth appears to have […]
Progressive’s Scott Ziegler Elected Chair of IIHS Board of Directors
Scott Wesley Ziegler, general manager of personal lines at Progressive Insurance, has been elected chair of the Insurance Institute for Highway Safety’s Board of Directors for 2023. Ziegler takes over from Stan McNaughton, president and chief executive officer of PEMCO, who remains on the Board. “The mission of preventing traffic deaths and injuries is deeply […]
Progressive Celebrates 10 Years of the Keys to Progress Program
Over 900 vehicles donated through program to military families. Progressive Insurance announced its 10th annual Keys to Progress vehicle giveaway taking place today. Ahead of Veterans Day, 100 veterans and military-related organizations across the country will receive the keys to vehicles that will provide reliable transportation, helping them and the veterans they serve get back […]
Progressive’s Ninth Annual Keys to Progress Giveaway Marks 800 Vehicles Donated to Military Families Since 2013
For the ninth consecutive year, Progressive Insurance will host its annual Keys to Progress vehicle giveaway on November 9, 2021. Ahead of Veterans Day, 45 veterans in need across the country and their families, along with five military-related organizations, will receive the keys to vehicles that will provide reliable transportation, helping them get back on […]
Progressive to Hire 6400 New Employees to Support Growth
Progressive Insurance intends to hire up to 6,400 new employees during the remainder of 2021 to support the national insurance organization’s growth. With 2020 total revenues topping $42 billion, the company continued to gain market share and increase its customer base and it will be adding more employees in claims, customer care, technology, analysis and […]
Progressive Completes Acquisition of Commercial Insurer Protective Insurance
The Progressive Corporation (NYSE:PGR) announced that it has successfully completed the acquisition of Protective Insurance Corporation (NASDAQ: PTVCA and PTVCB). 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 […]