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Progressive reported a $47 million—or 37 percent—drop in November profits compared with the same month last year, dragged down by higher claim sizes than were originally predicted from Superstorm Sandy. The...Read More »
Progressive publicized its most recent patent for its usage-based insurance (UBI) program, called Snapshot, saying on Tuesday that the patent covers rights to technology that includes an in-vehicle device...Read More »
The latest estimates from the Insurance Services Office (ISO) put the number of vehicles damaged by Superstorm Sandy at 230,000, with the vast majority of those cars in New York and New Jersey. The National...Read More »
Progressive’s first month following a huge quarter showed continued growth, with the insurer reporting tens of millions of dollars’ worth of losses from Superstorm Sandy that didn’t dampen a...Read More »
White Mountains Insurance Group says in its latest quarterly report that it is disputing about $20 million in its sale of Esurance and Answer Financial in an ongoing court case the insurance...Read More »
Price increases and a relatively mild weather season helped State Automobile Mutual Insurance Company do better in the third quarter of 2012 compared with 2011, but the insurer still couldn’t...Read More »
Election Week has drawn to a close, but a new patent is bringing together two unlikely partners: policyholders and their politics. A U.S. patent for a “voting status generator” was assigned...Read More »
A strong third-quarter performance from The Hartford saw year-over-year profits skyrocket as disaster-related losses fell and the insurer pumped up prices while still improving retention levels. The...Read More »
Progressive discussed its huge improvement in third-quarter earnings Friday, which amounted to an 83 percent jump from last year, while executives announced plans to ramp up marketing for...Read More »