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Insurers Reported Record Number of Questionable Claims in 2011

Insurance companies reported a record number of questionable claims to the National Insurance Crime Bureau (NICB) last year, with the annual volume of referrals surpassing the 100,000 mark for the first...Read More »

Progressive Insurance Monthly Profits Remain Relatively Stable

Progressive monthly profits dipped slightly last month, dropping 1.7 percent between December 2011 and January 2012. January profits for the insurer were $75 million, down from $76.3 million the month...Read More »

Progressive Using Image-Capture Technology for Insurance Quotes

Progressive Insurance recently announced that it’s making it easier for consumers to get quotes and buy car insurance online through their mobile phones. The direct-to-consumer car insurer will make...Read More »

Mercury Insurance Back in the Black for Fourth Quarter 2011

Mercury Insurance’s profits surged in the fourth quarter of 2011 after losing $3.78 million in the previous quarter, according to financial statements released by the company. The company’s...Read More »

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...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...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...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...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 »