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Property/Casualty (Non-Life)

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Progressive Corporation

61 through 80 of 289 matching documents, newest pages first. Sort by relevance

Florida Insured Losses From Hurricane Ian Total $12.58 Billion as of Dec. 21
Business interruption claims totaled 471. Other lines of business accounted for 172,222 claims. Other lines may include fire, farmowners' multiperil, ocean marine, inland marine, ...
Source: BestWire Date: December 29, 2022
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Progressive Lowers Hurricane Ian Property Loss Estimate by $400 Million
Ian made landfall on Sept. 28 near Fort Myers on the Gulf Coast, then crossed the state to the Atlantic Ocean and made a second landfall in South Carolina. "Given that we exceeded ...
Source: BestWire Date: December 21, 2022
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Progressive Lowers Hurricane Ian Auto Loss Estimate by $40 Million
Hurricane Nicole and storms throughout the country. Progressive Corp. third-quarter net income increased 5% to $124.1 million despite incurring an estimated $760 million in net ...
Source: BestWire Date: December 14, 2022
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Update: Washington State AG Investigating Progressive and Pemco Over Use of Credit-Based Insurance Scores
Bob Ferguson is investigating Progressive Corp. and Pemco Mutual Insurance Co. over possible discrimination in automobile insurance rate setting by considering consumers' ...
Source: BestWire Date: November 9, 2022
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Progressive CEO: Average Auto Rates Up 5% in 3Q, Inflation Pushes Loss Costs Higher
Used car prices shot up during the pandemic on supply chain issues. That meant physical damages were repaired on more vehicles, but repair costs also rose on labor and materials, ...
Source: BestWire Date: November 2, 2022
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Progressive Third-Quarter Net Income Rises 5% Despite $760 Million in Net Ian Losses
The combined ratio improved 1.2 points to 99.2. More than 95% of Ian's losses were in Florida, the company said in a statement. It allocated property loss and loss adjustment ...
Source: BestWire Date: October 13, 2022
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Experts Say Litigation Could Add $20 Billion to Ian Tab
Florida resident forego the coverage. And take-up rates inland are just 2% to 3% where Ian continued to cause catastrophic flooding after making landfall Sept. 28 in Lee County on ...
Source: BestWire Date: October 7, 2022
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Best’s Rankings: US Commercial Auto Direct Premiums Written Increases 17.2%
Erie Insurance Group fell to No. 21 from No. 17. DPW fell 0.6% in 2021 for seventh-ranked Zurich Insurance US PC Group, the only decline for the industry until No. 38 IAT Insurance ...
Source: BestWire Date: July 22, 2022

Best’s Rankings: Direct Premiums Rise 6.5% for US Total Auto in 2021
Direct premiums written for U.S. total automobile insurance rose 6.5% to $315.59 billion, according to a Best's Ranking. Progressive Insurance Group bypassed State Farm as the ...
Source: BestWire Date: July 22, 2022

Progressive Posts $542.9M Second-Quarter Net Loss on Property Goodwill Impairment
Progressive acquired ARX Holding Corp. in 2018. President and Chief Executive Officer Tricia Griffith recently said her company was nonrenewing 60,000 homeowners insurance policies ...
Source: BestWire Date: July 15, 2022
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Florida Appeals Court Says Homeowners May Record Adjusters’ Inspections
American Strategic Insurance Corp., which argued the policy covering the property of Ryan and Andrea Gesten did not allow for recording. Additionally, it said, "audio recording ...
Source: BestWire Date: June 7, 2022
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Progressive Suspends Writing Homeowners Policies in Six Florida Counties
Palm Beach," Progressive said in an email to BestWire. "Again, this suspension is temporary, and we remain committed to doing business in the state. We are taking this step now so ...
Source: BestWire Date: June 2, 2022
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Progressive CEO: Focus Is on De-Risking Florida Book as Loss Costs Keep Rising
Griffith during an earnings conference call. The changes are underway in conjunction with reduced advertising as Progressive battles rising auto severity with rate hikes and ...
Source: BestWire Date: May 3, 2022
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Warren Buffett Retains Chairman Post, Says Progressive’s Investing Doesn’t Match its Underwriting Strength
Progressive Mutual Insurance Co. in 1937, was "smart as hell, clearly a major competitor ... he knew insurance forwards and backwards," but ignored the investment side, said ...
Source: BestWire Date: May 1, 2022
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Progressive First-Quarter Net Income Drops 79% on Expenses, Securities Loss
The first-quarter combined ratio worsened 5.2 points to 94.5. Net premiums written increased 12% to $13.18 billion. During the quarter, Progressive also agreed to pay a $2 million ...
Source: BestWire Date: April 14, 2022
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Update: Progressive, Zurich Fined $4.2 Million for Slow Reporting to NY DMV
...Adds Zurich comment in the 10th paragraph.) The New York Department of Financial Services has fined Zurich American Insurance Co. and Progressive Direct Insurance Co. a combined ...
Source: BestWire Date: March 15, 2022
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AM Best Assigns Issue Credit Ratings to The Progressive Corporation’s Senior Unsecured Notes
Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for ...
Source: BestWire Date: March 4, 2022

Progressive Fourth-Quarter Net Income Falls 43%
Executive Officer Tricia Griffith said at the time. The carrier is raising rates and working to shift more business to states with fewer severe weather events (BestWire, Nov. 3, ...
Source: BestWire Date: January 26, 2022
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AM Best Affirms Credit Ratings of The Progressive Corporation and Subsidiaries
Company (National Continental) (Bohemia, NY). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings.) The ratings ...
Source: BestWire Date: January 13, 2022

Progressive CEO: Rising Costs, Auto Claims Severity and Ida Losses Ding Profitability
... Shares of Progressive Corp. (NYSE: PGR) traded on the afternoon of Nov. 3 at $94.94, up 0.34% from the previous close. (By Renée Kiriluk-Hill, associate editor, BestWeek: ...
Source: BestWire Date: November 3, 2021
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