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Recently released financial results from Allstate and Progressive show profits increased at both car insurers, the former seeing fourth-quarter gains and the latter seeing monthly gains. Progressive tallied...Read More »
Car insurance company Progressive reported this week that its December profits slumped by 5 percent while its fourth-quarter profits jumped by 20 percent compared to 2012. December profits dropped by more...Read More »
GEICO passed Allstate in the third quarter of 2013 to become the second-largest car insurer in the U.S., according to a new SNL Financial report that called the switch a “major shift” in the marketplace...Read More »
Progressive’s November income shot up 26 percent compared to the same month last year, according to the car insurance company. The $19.9 million jump follows even bigger gains last month, when its October...Read More »
Direct Auto Insurance recently introduced DirectDrive, a smartphone app that logs driving data so that motorists can monitor their tendencies behind the wheel. Unlike some driver-monitoring programs...Read More »
The National Insurance Crime Bureau’s (NICB) latest report on questionable vehicle claims showed a huge increase in the number of suspicious claims for vehicle flooding and water damage between...Read More »
Progressive reported a $36 million gain in income for October compared to the year-before period, a stellar 47 percent increase that overcame shrinkage in investments and higher expenses. Last...Read More »
At the recent State Insurance Trade Association’s (SITA) conference in Las Vegas, representatives listened to a forty-minute presentation on politics, policy and the increasing influence of...Read More »
It was supposed to take up to a decade for self-driving cars to hit the road in numbers big enough for the auto insurance industry to take notice. But at the recent State Insurance Trade Associations...Read More »