Progressive News

Montana Supreme Voids UIM Exclusion For Motorcyles Owned By Policyholder

An insurer wrongly denied uninsured motorist coverage to a policyholder who was injured while riding his motorcycle even though the policy excluded damages caused by motorcycle accidents, the Montana Supreme Court ruled Tuesday. The high court ruled that the insurance …

8th Circuit Finds No Ambiguity in Motorcycle Exclusion

The 8th Circuit Court of Appeal ruled Monday that there is no ambiguity in the term “owned motorcycle” and affirmed a decision to deny a $3 million uninsured motorist claim. Lauren Palazzolo was killed in 2017 while driving as a …

Business News: Progressive, Doan Group, Verisk, Penn National and One Inc.

Progressive Adds ‘Road Test’ to Snapshot Progressive Group of Insurance Companies has released a new smart phone app that consumers can use to learn before they purchase a policy whether they can save money by purchasing usage-based insurance. “With Snapshot …

Insurers Win Again – Mostly – in Antitrust Lawsuits Filed by Body Shops

A federal appellate court threw out most of the claims by automotive body shops in Indiana, Utah and Mississippi that alleged that major insurers violated anti-trust laws and engaged in anticompetitive practices by steering policyholders to “approved” shops. The 11th …

GEICO Gets Progressive, Joins Auto Insurers Offering Telematics

Berkshire Hathaway’s GEICO auto insurer has joined the ranks of carriers using telematics to track and improve driver behavior—after resisting for years. GEICO has been one of the few among the top 10 largest personal auto insurance carriers without a …

Business News: Chubb, Progressive, Travelers

Chubb Launches Dedicated Multi-line Practice Focused on Large Transportation Clients in North America Chubb launched a multi-line industry practice within its Major Accounts division, dedicated to providing innovative insurance products, industry-leading service and risk management solutions for best-in-class large risk …

Progressive’s Flo to Help Gain Customers as Distracted Drivers Lead to ‘Rate Shock’

Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents threatened the company’s profit goals. “We’re excited to be …

Progressive CEO Renwick to Retire July 1; Griffith is Successor

Glenn Renwick, president and chief executive officer,  will retire after more than 15 years as CEO and almost 30 years with the company, effective July 1, 2016. The Progressive Corp. announced that Tricia Griffith, currently Personal Lines chief operating officer, will …

Progressive Survey Reveals Renters Left Doors Unlocked 16 Times Within Past Year

Locking the door behind you when you leave your home or apartment may seem like a no brainer, but according to a recent survey of 1,000 renters conducted by the Progressive Group of Insurance Companies, renters admit to leaving their …

Progressive Insurance Reprises Rate Suckers Ad

A survey of 500 consumers conducted by the Progressive Group of Insurance Companies reveals that the majority of participants believe usage based insurance (UBI) is a fairer way to price insurance, versus the traditional insurance rating variables such as age, …