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Progressive’s president admitted to investors in a conference call last week that the car insurer has had greater-than-anticipated difficulties in getting consumers on board with its usage-based insurance...Read More »
SNL Financial recently shed a wider light on last month’s first-quarter market report on car insurers, which the firm said saw record growth in premiums and a shakeup in market share rankings in the...Read More »
Progressive’s latest financials showed monthly and quarterly profits rocketing upward, with both more than doubling compared to previous-year periods. The direct-to-consumer car insurer showed $324.6...Read More »
Progressive agreed to license its usage-based insurance (UBI) technology to USAA in its first deal since the insurer publicized its terms for licensing late last year. USAA, which serves members of the...Read More »
Property/casualty insurers increased first-quarter profits by about 41 percent between 2012 and 2013, according to new data from the Insurance Services Office (ISO), with first-quarter profits...Read More »
Drivewise is currently available in 20 states after the usage-based car insurance (UBI) program from Allstate expanded into four more states: Connecticut, Nevada, Oklahoma and Tennessee. Like...Read More »
A recently released report from SNL Financial showed that the property/casualty insurance industry boosted ad spending last year at a much lower rate than in 2011 and that GEICO remains the top...Read More »
GEICO outsold Allstate in personal auto insurance premiums during the first quarter of 2013, according to a Thursday report from the Chicago Tribune that was based on SNL Financial data. The...Read More »
Progressive’s latest financial report shows that a gigantically improved performance in security gains helped drive this year’s May profits to nearly triple the size of the insurer’s...Read More »