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Allstate Insurance Gets Fourth-Quarter Boost in Profits

Car insurance provider Allstate saw profits jump 340 percent between the third and fourth quarters of 2011, a development that’s being largely attributed to the absence of the types of natural disasters...Read More »

Car Insurance Community Rejects Consumer Group’s Conclusions

A new report released this week by the Consumer Federation of America (CFA) says that premiums have become an undue economic burden on low- and moderate-income (LMI) Americans and that state regulators...Read More »

Progressive Insurance Announces 1,100 New Job Openings

Car insurance provider Progressive is widely publicizing the fact that it plans to hire more than 1,100 people in five states over the coming months. The direct-to-consumer coverage provider says it’s...Read More »

Progressive Insurance’s December Profits Down 32 Percent

Progressive Insurance announced Thursday that December 2011 profits were down nearly one-third from the year before, dropping from $112.8 million in December 2010 to $76.3 million a month ago. The results...Read More »

PCI Plans to Support No-Fault Reform, Oppose Body-Shop Bills

Officials with the Property Casualty Insurers Association of America (PCI) announced this week they intend to push for the overhaul of no-fault auto insurance systems in several states this year...Read More »

III: Insurance Industry Members Foresee “Road to Recovery”

Seventy-five percent of U.S. property and casualty insurers expect the industry to see increased profits in 2012, despite nearly one-third predicting that premium growth will remain flat and...Read More »

Progressive Insurance Gets Fourth Pay-As-You-Drive Patent

Progressive announced Monday it has been issued a fourth patent for its usage-based car insurance program, Snapshot, which electronically tracks driving behavior and offers policyholders an opportunity...Read More »

Report: Insurers Could Get Hurt by Late Adoption of Telematics Tech

Auto insurers are increasingly offering programs that use electronic devices installed in policyholder vehicles to track driver behavior and mileage—a growing trend that coverage providers...Read More »

Insurance Roundtable: Agents Need to Capitalize on Online Traffic

Auto insurance agents need to drop the Yellow Pages and go online to keep pace with the growing number of consumers checking out quotes or purchasing their policies over the Internet, a new report...Read More »