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A new feature on the mobile smartphone application for Esurance customers will allow them to “settle claims quickly and conveniently” with a photo-based process that nixes the need for face-to-face...Read More »
Allstate’s usage-based insurance (UBI) program Drivewise is available in six more states and now has a smartphone application that will allow policyholders to check on how they drove during a trip, according...Read More »
Progressive’s latest financials show that the insurer’s first-quarter net income jumped 20 percent compared with last year, but March income was dragged down by poor security gains and hailstorm-related...Read More »
After five straight years of underwriting losses, coverage providers will see a small bump in 2013 due to continuing rate increases and a more normalized environment of disaster losses, according to predictions...Read More »
Progressive Insurance saw a nice bump in February revenues compared with last year, but higher loss expenses cut into those revenues, leaving the company with a 5.7 percent drop in monthly profits,...Read More »
Progressive began this year with a bang, posting January profits that were 79 percent higher than the same month in 2012, according to the insurer’s latest financials. The direct-to-consumer...Read More »
An increase in premiums and strong investment returns for Progressive mostly blunted the impact of rising damage estimates from Superstorm Sandy, according to the insurer’s report on its fourth-quarter...Read More »
In the industry’s first large business acquisition this year, American Family Insurance (AFI) recently announced the finalization of a multi-million dollar purchase of Permanent General...Read More »
GEICO is facing a federal lawsuit claiming the insurer sold uninsured/underinsured motorist (UM/UIM) coverage with lowered limits without getting the required consent of policyholders. The class-action...Read More »